Interest Rates Are Rising in Japan

For the first time in over 17 years, good news is coming out of Japan: Japanese interest rates have risen to a whopping 0.1%.

This is a possible sign of a return to normality in the Japanese economy, the original basket case regarding demographic decline.

Japan, with a majority urban population, began industrialisation in the late 19th and early 20th centuries. This process negatively impacted Japanese birth rates because when people moved from living on the farm to living in cities, they had fewer children.