The Japanese government hands out tokens of congratulations to centenarians.But so many people are turning 100 in Japan, that it might have to be more frugal!

According to local reports, the Japanese ministry is looking at cheaper options.  Since 1963, the prime minister traditionally presents new centenarians with a commemorative silver sakazuki, a flat saucer-like silver cup, an ‘expensive sake dish’ which could cost up to ¥8,000 (Rs 7,000) per piece.

Back when it was first started, there were around 153 people who turned 100, but today there might be as many as 58,000! The presentations are made every year on Seniors’ Day, Sept. 15.Japan has one of world’s greatest life expectancies. Last year 29,357 people — 25,000 of whom were women — joined the ranks of centenarians. Average lifespan for women is 86.83 years and 80.50 years for men, both a record high.

 According to the latest estimates, over a quarter of the population in Japan, is over the age of 65 and nearly 13 percent are over 75.