The population of Japan is shrinking at an alarming rate, with the latest data revealing a significant drop in the number of Japanese citizens. This trend could have severe implications for the country’s economy and social welfare system. What Happened: The number of Japanese citizens decreased by over 861,000 to 121.6 million in the year leading up to Jan. 1, marking the fastest decline since data collection began in the 1960s, reported Bloomberg. This marks the 15th consecutive year of population decline in Japan. The overall population of Japan, including foreign nationals, shrank by 0.4%. …