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Japan 'no longer rich country' by 2050: think tank
States would like to have their share of revenue and growth and unless there is an agreement between the two centres of power, economic reforms would go into cold storage for longer than 2014.
20 Apr 2012, 10:20 AM IST 
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A worker assembles an engine inside the Royal Enfield motorcycle factory in Chennai.
Japan could fall out of the league of developed nations by 2050 as a shrinking and greying population as well as slowing productivity make its economy contract, a think tank has warned.The 21st Century Public Policy Institute said a dwindling workforce, caused by a chronic low birthrate, will combine with lower savings and shriveling investment to drag the once mighty economy down. The think tank, linked to Japan's powerful Keidanre...
