Against the above backdrop, this paper focuses on the potential fiscal challenges of population ageing in Asia. The impact of this demographic change is seen primarily from an economist’s (and a Central Banker’s) viewpoint. The rest of the paper is as follows. Section II is in the nature of a digression and presents the conceptual and theoretical issues.
investment  0.2  -4.7  1.7  -1.5  Private residential investment  1.2  -2.2  -4.2  -0.2  Public demand  0.9  0.4  0.0  0.0  Exports of goods & services  -0.6  0.4  -5.4  -18.5  Source: Cabinet Office.