We are in for a shtt-storm. But go over to Bloomberg news, and they're wondering why the Japanese won't make the tough cultural sacrifices needed to increase immigration, to stave off stagnant GDP caused by declining population and the accompanying demographics. (I get the workers to non-workers issues in play. Even with that, I believe it is telling, which solutions are put forth. Increase immigration. Not, decrease…
On the Japan question. No, I think and hope they continue to be uniquely stubborn. Why? Because we are all going to be there (we would have been there if we'd be as strict as Latin American countries are about their own immigration). Japan can lead the way for us and for others on how to deal with this issue (population decline).
Japan is in fact dealing with their issue head on by not importing workers. By not importing workers they are not defraying the issue. They are doing the opposite of dealing with consequences later.