A Shrinking Society in Japan

Japan is the “grayest” nation in the world. Close to 30 percent of the population is over 65. The reason is its low birthrate, which has caused the population to contract since 2007. With the birthrate in the United States also dropping, what are the implications of a shrinking population, and what lessons can be learned from Japan? Guest: Motoko Rich, the Tokyo bureau chief for The New York Times.