For the first time in 22 years suicides in Japan decrease but is still costly to the Japanese economy

Ever consider what the overall financial cost is to productivity in Japan with the average number of suicides around 30,000 Japanese a year?  For the first time in 22 years the number of suicides have dropped in Japan, so let’s hope this trend continues. So while Japan has the longest life expectancy, it still has the highest suicide rate per population even though the overall population is decreasing.

Source: RT News 

Suicides cost Japan’s economy $4bn annually

March 24, 2017

Japanese national broadcaster NHK has calculated the potential economic loss to the country from suicides at more than $4 billion a year.

The calculation is based on 23,000 suicide victims in 2015, aged from 15 to 69 years, and had they lived and worked until their 70s.

Figures from the Japanese Ministry of Health, Labor, and Welfare show there have been more than 30,000 suicides annually since 1998.

Statistics showed the majority are men who suffer from health, financial, or family issues.

Last year, the number dropped below 22,000 for the first time in 22 years. More than 15,000 men and nearly 6,800 women killed themselves, the ministry reported.

The decline in the suicide rate is attributed to a revised law on suicide countermeasures coming into effect last April. In 2005, Japan established a headquarters for suicide prevention.

The country has one of the highest life expectancies in the world, at 83.3 years, as well as the highest suicide rates.

A research paper from Wharton University found the main reasons for these high suicide rates include adverse economic conditions, unemployment, changing family structures, depression, inadequate access and resistance to mental health care, and substance abuse.

Suicide rates rise rapidly between ages 15 to 20 and stay roughly constant after that, it said.

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