Commentary / Japan Jun 25, 2019
Politicians must address retirement concerns
by Heizo Takenaka
The government needs to make information about the public pension system more transparent and easy to understand.
Reference | FYI Jun 23, 2019
Report on Japan pension shortfall spurs anxiety — and a closer look at the system
by Satoshi Sugiyama
The Financial Services Agency earlier this month released a report on the future financial security of senior citizens that suggested people would have to save more to make up for expected shortfalls in the public pension system, sparking public anxiety and major controversy over ...
Business Jun 18, 2019
Japan's Financial Services Agency had estimated that ¥15 million to ¥30 million in life savings would be necessary per elderly couple in addition to pension benefits for 30 years of post-retirement living, informed sources said Tuesday. The estimate was made separately from the controversial report ...
National / Social Issues Jun 18, 2019
Japan has world's lowest proportion of working-age people, U.N. report says
While the ratio is falling worldwide, Japan stands out with just 1.8 people aged 25 to 64 for each person aged 65 or over.
Editorials Jun 16, 2019
The Abe administration has disowned a government agency's report concluding that the public pension system might not cover the costs of a long retirement life.
Business Jun 13, 2019
Japanese women face retirement savings gap of almost 20 years, World Economic Forum says
One of the toughest problems retirees face is making sure their money lasts as long as they do. From the U.S. to Europe, Japan and Australia, retirement account balances aren't increasing fast enough to cover rising life expectancy, the World Economic Forum warns in a ...
National Jun 11, 2019
Government backpedals on report that said elderly couples will need ¥20 million in savings
Taro Aso indicated he would not receive the report, saying its premise “has caused extreme worries and misunderstanding and runs counter to the government’s existing policy.”
Business / Financial Markets Jun 4, 2019
Japan's pension system inadequate in aging society, council warns
A council at the FSA estimates that a couple who lives until 95 will need at least ¥20 million more than what their pension benefits will provide.
Business / Financial Markets May 23, 2019
Japan's Financial Services Agency calls for financial products that focus on longevity risk
The Financial Services Agency has released a draft report calling for financial products that focus on longevity risk, or when people's funds for living expenses run short due to a rise in longevity. The draft includes plans for the agency to urge financial institutions to ...
National / Social Issues May 23, 2019
Job seekers in their 70s could become Japan's new normal
by Isabel Reynolds and Emi Nobuhiro
At the age of 75, Mikiko Kuzuno found herself recently laid off and applying for a job at a factory near Tokyo. She insisted on making the application in person. "I asked them to please take a look at me," she said. "I wanted to ...
Lifestyle May 19, 2019
As seniors worry about leaving the burden of unwanted possessions to relatives upon their death, more are learning to use flea market apps to declutter early.
Business May 16, 2019
Government to urge firms in Japan to hire employees until age 70 amid labor crunch
One in every three people in the country is expected to be 65 or older in 2025, government data shows.