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June 06, 2025
 

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PENSIONS

A revised pension reform bill that calls for a measure to shore up basic pension benefits passed the House of Representatives plenary meeting on Friday.
JAPAN / Politics
May 30, 2025
Japan's Lower House OKs revised pension reform bill
The bill, which comes amid concerns over pension shortfalls due to Japan's aging population, is expected to be enacted later in the spring.
The leaders of the main opposition Constitutional Democratic Party of Japan and the ruling Liberal Democratic Party-Komeito bloc hold up a document on their agreement to reform the pension system in Tokyo on Tuesday.
JAPAN / Politics
May 27, 2025
Coalition clears last hurdle of parliamentary session with pension bill
The agreement largely revolves around a plan to boost funding for the basic pension program, which provides coverage to all residents in Japan age 20 to 60.
Liberal Democratic Party and Komeito lawmakers meet to discuss a pension reform bill at the Diet in Tokyo on Thursday.
JAPAN / Politics
May 24, 2025
Bill that would raise Japanese pension benefits on track to pass parliament
The ruling bloc will back the CDP's amendment, which includes a plan to raise basic pension benefits.
Prime Minister Shigeru Ishiba attends a Cabinet meeting in Tokyo on Friday.
JAPAN / Politics
May 16, 2025
Pension bill makes it to parliament after two-month delay
Internal resistance from the ruling Liberal Democratic Party toward certain proposals in the draft bill led to the delay.
Liberal Democratic Party executives at a General Council meeting on Tuesday at the party's headquarters in Tokyo
JAPAN / Politics
May 14, 2025
LDP approves pension reform legislation
The government aims to adopt the legislation at a Cabinet meeting Friday and submit it to the current session of the Diet, the country's parliament.
Veterans in France. For over a dozen NATO members, pensions make up a large — and largely overlooked — chunk of their defense budgets.
WORLD / Politics / ANALYSIS
May 8, 2025
Europe's costly military pensions complicate defense buildup
For over a dozen NATO members, pensions make up a large — and largely overlooked — chunk of their defense budgets.
Those who entered the job market from around 1993 to 2004, when long-term stagnation started, are likely to struggle even more to make ends meet after retirement.
JAPAN / Society / FOCUS
May 7, 2025
Japan's 'ice age' employment generation is at risk of poverty during retirement
Due to low wages the generation tends to earn and protracted pension adjustments, many may end up relying on welfare benefits.
Parliament on Friday in Tokyo
JAPAN
Apr 24, 2025
LDP plans to submit pension reform bill in mid-May
Pension system reform is a key issue in the second half of the ongoing ordinary parliament session.
The Supreme Court ruled that the man's conduct could undermine public trust in the system and the sound operation of the bus service.
JAPAN / Crime & Legal
Apr 18, 2025
Japan bus driver steals $7, loses $84,000 pension
The city of Kyoto sacked the man after he was filmed by a bus security camera taking ¥1,000 in 2022.
Former digital minister Taro Kono has long counted reform of social security and pensions among his pet policies.
JAPAN / Politics / FOCUS
Feb 17, 2025
It’s time to get serious on the pension system, ex-digital minister says
The pension study group offers Taro Kono an opportunity to tentatively step back into the limelight after an unusually quiet period.
Currently, companies with 51 or more employees must have their part-time workers join the kosei nenkin program. The government plans to lower that threshold to 21 employees in October 2027 and scrap it two years later.
JAPAN
Jan 21, 2025
Japan to have more part-timers join employee pension program
The government plans to lower the corporate size threshold for part-timers joining the pension program from 51 or more employees to 21 in October 2027.
The government's pension reform plan under consideration will make it easier for part-timers to join the kosei nenkin employee pension program.
JAPAN / Society
Dec 8, 2024
Japan to scrap ¥1.06 million employee pension threshold in 2026
The government also plans to abolish a requirement that companies must have at least 51 employees for employees to join the kosei nenkin program.
If the economic situation remains the same as in the past 30 years, the financially fragile basic pensions are projected to continue decreasing until fiscal 2057, with the basic pensions for people aged 65 expected to be 30% lower than the current amount.
JAPAN / Society
Nov 26, 2024
Japan's government proposes raising future basic pensions by 30%
The biggest obstacle will be whether Japan can secure stable financial resources for the measure.
Health minister Takamaro Fukuoka in an interview last week
JAPAN
Nov 24, 2024
Government aims to ease care worker shortages through wage hikes
Staff shortages at care facilities are "very serious," Health, Labor and Welfare Minister Takamaro Fukuoka said.
Government Pension Investment Fund saw a loss of 3.6% in the three months through September, with assets totaling ¥248.2 trillion ($1.6 trillion), it said Friday.
BUSINESS / Companies
Nov 1, 2024
GPIF has worst loss since 2020 as yen strength hits assets
GPIF, one of the world’s largest state pension funds, incurred losses in three of four major asset classes.
Political parties are highlighting measures to reform the health care system for the elderly and the public pension system as the population ages.
JAPAN
Oct 17, 2024
Parties highlight measures for working generation
The country's health care and public pension systems are being discussed ahead of the upcoming general election.
Elderly people rest at a park in Beijing on May 22.
BUSINESS
Sep 24, 2024
China's retirement reforms not enough to fix pension headache
Lawmakers fast-tracked the policy without public consultation in September
Elderly people rest at a park in Fuyang in eastern China's Anhui province on Friday. China said the same day that it would gradually raise its statutory retirement age, as the country grapples with a looming demographic crisis and an older population.
ASIA PACIFIC / Society
Sep 14, 2024
China’s first retirement age hike since 1978 triggers discontent
The move could stem a decline in the labor force but risks angering workers already wrestling with a slowing economy.
The government is considering asking more people age 75 or over to pay 30% of their medical costs.
JAPAN / Society
Sep 13, 2024
Japan may require more elderly people to foot 30% of their medical costs
Currently, those age 75 or older pay in principle 10%, while those with preretirement levels of income pay 30%.
Commuters sit at a cafe in Sydney on Feb. 26.
BUSINESS / Economy
Sep 11, 2024
Over a third of Australians say they’ll never be able to retire
Australia’s proportion of retirees is expected to surge from 8% today to 19% over the next 40 years.
Japan’s fertility rate hits record low despite government push
The total number of births dropped to about 686,000, marking the first time the figure has fallen below 700,000, according to a health ministry release on Wednesday.
Japan eyes tougher rules for foreign residents and tax hike for tourists
A tax-free shop in Kyoto in April 2024. Last week, members of a Liberal Democratic Party study group drafted a proposal seeking to scrap the country's tax-free shopping system altogether.
Hakuho’s departure highlights worrying sumo trend
Former <i>yokozuna</i> Hakuho performs a ring-entering ceremony at the Ryogoku Kokugikan in Tokyo in February 2020.
How Japan's youth are slowly changing the country's work ethic
After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
Is Japan ready to say goodbye to tax-free shopping?
Arrows lead to the tax-free counter at a branch of discount retailer Don Quijote in Tokyo's Shibuya Ward.
New Naoshima museum bets on Asia, not the West
Detail of Takashi Murakami, “Rakuchu-Rakugai-zu Byobu: Iwasa Matabei RIP” (2023-25)
Japan’s prison reform focuses on rehabilitation
Justice Minister Keisuke Suzuki speaks to reporters in Tokyo on Friday. Suzuki said preparations for the changes that will focus more on rehabilitation are being actively made at each correctional facility.
Six months into 2025, J-pop is having a full-on identity crisis (and a great time)
The year so far is only proving that Mrs. Green Apple is the biggest band in Japan. Their success also seems to be hinting at a change in the musical landscape more broadly.
Nintendo’s Switch 2 console is finally here
The Switch 2 is Nintendo's first new gaming console in eight years.
Hakuho’s departure highlights worrying sumo trend
Former <i>yokozuna</i> Hakuho performs a ring-entering ceremony at the Ryogoku Kokugikan in Tokyo in February 2020.

Podcast

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Longform

After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
How Japan's youth are slowly changing the country's work ethic
By Alex K.T. Martin

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