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TOPIC: Japan can't afford gifts for citizens turning 100

Japan can't afford gifts for citizens turning 100 06 Feb 2017 03:48 #1

CNN Money- Sophia Yan and Junko Ogura

Every year since 1963, citizens turning 100 have received a commemorative silver cup> When the tradition began, Japan had 153 centenarians.

Fast forward five decades and that number has exploded -- 29, 357 turned 100 in 2014 alone.

Japan has the oldest population in the world -- more than a quarter of people are over 65.

Each silver cup cost 8000 yen ($65 US dollars), adding a whopping 260 million yen ($2.1 million US dollars) to the state budget said Akira Yanase an official at Japan's ministry of health, labor and welfare. The government is now considering a less expensive option.

I guess its gonna be styrofoam cups for the geezers from now on :chuckle:
"In a time of universal deceit telling the truth is a revolutionary act"
George Orwell
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