Japan’s Y2tn funeral business is undergoing a wholesale cultural transformation as the world’s third-biggest economy enters its mournful demographic ascent to “peak death”.
The shift comes as Japan enters what actuarial tables show will be a two-decade boom of activity for the industry.
A persistently low birth rate means Japan’s annual 1.3m deaths already outnumber births by 300,000. The country’s rapidly ageing population puts occupancies at the nation’s mortuaries on course to peak at 1.67m in 2040.
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