Children here don't want their family business


By AGENCY

Japan's ageing population faces another challenge - there's no one to pass their businesses to.

Japan's small firms, many of which are "mum-and-pop" operations, are dying out as their ageing owners struggle to find successors, in another sign that the fast-ageing population is taking its toll on the world's third-largest economy.

Prime Minister Shinzo Abe has targeted more business start-ups as a crucial part of regenerating activity, but the impact has been minimal so far, with the number of small firms that are closing their doors at a near record high.

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