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Curse of population aging

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Nation should not waste time in minimizing ill effects

The low birthrate and rapidly aging population have combined to pull down the nation's real interest rate significantly. According to a report released by the Bank of Korea, Monday, the real interest rate ― nominal interest rate minus inflation ― plunged from 9 percent in 1995 to 0.4 percent in 2018. The report noted that one-third of the fall was due to the plunging birthrate and the graying of society.

The finding is hardly news. Everyone knows population aging pulls down consumption and........

© The Korea Times