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Catherine Rampell: To avoid a demographic time bomb, make it easier to raise children

In 2017, the United States saw the fewest babies born in 30 years, a stat that produced a lot of hand-wringing.

But it turns out things could be worse — a lot worse. We could be Japan, whose unfolding demographic crisis provides some lessons for where America might be headed.

According to a new report from the Japanese government, Japanese women had 921,000 babies in 2018. That's the fewest births since comparable records began in 1899 — when the country's population was a third its current size.

Meanwhile, deaths in Japan hit their highest level in nearly a century.