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The Abe administration emphasizes the arrival of the “100-year life,” and the government envisions labor market reforms that meet the needs of a society in which people live much longer than past generations. While elderly people will need to have more money to cover the expenses of living longer, the policies that address this issue are not being seriously discussed by the government.

Given the growing length of post-retirement life, will people still be able to heavily depend on the public pension system, whose sustainability is threatened by the rapidly aging population and falling fertility rate?

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