According to official projections, the total population will decline from the current level of 127.8 million to 120 million by 2026, to under 100 million by 2048, and further to 86.7 million by 2060. The working-age population is projected to decrease more drastically – from the current level of 81.3 million to 44.2 million by 2060.
2  BIS central bankers’ speeches  Emergence of the most progressed ageing society One of the most structurally important challenges for Japan is dealing with the progressive ageing of the population.