I found that the Financial Services Agency report suggesting that pensioners need at least ¥20 million in savings not only alarming but also strange in a way that I have not noticed the media commenting on in Japan.

The FSA is the primary regulator of the financial industry in Japan. I therefore wonder why it felt it had to come out with such a report that is not really about regulating the financial industry. Maybe the Finance Ministry or the Health, Labor and Welfare Ministry should be advising the public and making policies on this very important matter.

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