We tend to think of globalization as the exchange of goods or services, and it is true that economic problems stemming from a declining and aging population can be dealt with, for example, by increasing There is an argument that the unemployment rate has been declining because the working-age population has shrunk due to a declining and aging population.
However, in fact, a decline in the unemployment rate has been observed in a situation where labor force has increased since 2013 despite a shrinking in the working-age population. For details, see Wakatabe, M., "Japan's Economy and Monetary Policy," speech at a meeting with business leaders in Aomori, June 27, 2019, http://www.boj.or.jp/en/announcements/press/koen_2019/ko190627a.htm/. 11  10  imports of labor-intensive goods and tourism.