Japan's postwar baby boom started earlier than in the US. As a result, according to census statistics, the number of 18-year-olds in Japan peaked in 1992 at 2.05 million, when the baby boomers' children were entering universities, and has fallen steadily to 1.3 million this year. Estimates show it dropping to 1.21 million in two years….This year, as a result, nearly one-third of the nation's 707 public and private four-year universities cannot fill their openings, the Education Ministry and university groups have said…Roughly half of college-age Japanese attend universities. Only three universities have gone bankrupt for lack of students. Three years ago, Hiroshima's Risshikan University became the first Japanese university to fail since World War II. But the Education Ministry and university groups are busily writing guidelines to help them deal with a retrenchment that few developed nations have had to face.
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