• Jiji

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Reform of Japan’s pension system surfaced as a key issue in the leadership election of the ruling Liberal Democratic Party after administrative reform minister Taro Kono, one of the four candidates for LDP president, made a bold reform proposal.

Kono called for creating a guaranteed minimum portion of public pension that is completely funded by tax revenues instead of premiums. While a major tax increase is believed to be necessary to implement this reform plan, Kono has not made specific explanations about financial resources.

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