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You think this is the reason? Western Europe and countries like Italy have pretty lax working hours, however birth rate is close to 1 there too
It's hardly the sole cause of Japan's problem, nor unique amongst developed nations. However, given the near total aversion Japan seems to have towards the notion of enabling immigration as a means to permanent residency for immigrants, it takes on a much greater dimension for the problem than it might in other nations that are more open to immigration. Barring a sudden and total reversal politically and socially on the question of immigration, Japan will have to do far more domestically to improve quality of life and work-life balance if they want to avoid a total demographic collapse.