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May 04, 2024
 

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RETIREMENT 3

Japan Times
JAPAN
Jan 8, 2020
Japan to urge firms to employ workers until age 70 from next year
The labor ministry plans to urge companies from April 2021 to ensure jobs are available for workers until the age of 70, it was learned Wednesday.
EDITORIALS
Nov 28, 2019
Expanding employee pension coverage
Widening pension coverage will not only add to the benefits irrgegular workers receive in retirement but shore up pension finances by increasing the number of participants in the program.
Japan Times
JAPAN
Oct 26, 2019
42% of Japanese in their early 60s hope to continue working part time after they turn 65, survey finds
The survey on elderly employment, released Friday, also showed that 61 percent of companies are able to offer part-time positions to such workers.
Japan Times
COMMENTARY / Japan
Oct 7, 2019
Excessive concern over public pension
Reform of the Japanese public pension system in accordance with the nation's aging population is becoming increasingly unavoidable.
Japan Times
JAPAN
Sep 25, 2019
FSA will no longer make reference to controversial post-retirement savings estimate
The Financial Services Agency decided Wednesday it will no longer make reference to a controversial estimate that a retired couple that lives to be 95 years old would need at least ¥20 million in addition to their benefits under the national public pension system.
Japan Times
BUSINESS / Economy
Sep 25, 2019
Fear of retirement poverty drives Japanese to private pensions
Japanese households are rushing to private retirement products after a government report fueled fears that the national pension system won't be enough to support them during old age.
Japan Times
JAPAN
Sep 15, 2019
Elderly citizens accounted for record 28.4% of Japan's population in 2018, data show
Seniors accounted for 28.4 percent of Japan's population and 12.9 percent of its labor force in 2018, both record highs, government data shows.
Japan Times
BUSINESS
Sep 5, 2019
Non-workers aged 50-plus could make up 59% of Japan's population by 2050, OECD warns
People aged 50 or older and out of the workforce in Japan could increase by 29 percent from 2018, to 59 per 100 people, by 2050, straining public retirement schemes, the OECD said in a recent report that suggested reforms are needed.
EDITORIALS
Aug 31, 2019
Face the pension system's reality
Discussions should proceed on what practical steps can be taken to stabilize the system as much as possible.
Japan Times
BUSINESS
Aug 28, 2019
Japan eyes overhaul of pensions after payouts predicted to be worth 20% less within 30 years
Chief Cabinet Secretary Yoshihide Suga said Wednesday that the government will consider overhauling the public pension system to make sure it is sustainable in the long term, a day after the government projections showed that pension payouts would fall by nearly a fifth in real terms by 2047.
Japan Times
BUSINESS
Aug 6, 2019
In wake of uproar over pension system, Japan to draw up fresh report on post-retirement financing
The Financial Services Agency plans to compile a fresh report on post-retirement financing after its previous report sparked a controversy with its estimate that an elderly couple living to age 95 will need ¥20 million in life savings on top of public pensions, according to informed sources.
ASIA PACIFIC
Jul 26, 2019
Singapore promotes gardening for elderly in bid to fight loneliness
Since her mother died last year, 74-year-old Lim Yeo Hong has been living alone in a flat on the outskirts of Singapore, scavenging for cardboard scraps which she sells for a living.
Japan Times
COMMENTARY / Japan
Jul 25, 2019
The real policy challenges facing Japan
Prime Minister Shinzo Abe must place priority on resolving several major policy challenges confronting Japan before he tries to revise the Constitution.
EDITORIALS
Jul 9, 2019
Practical debate needed on public pension system
All parties involved should engage in discussions over what can be done to reform the public pension system so it can reliably support retirees.
Japan Times
JAPAN / History / JAPAN TIMES GONE BY
Jul 6, 2019
Japan Times 1919: Special rail cars introduced for female students to prevent improper conduct on long train journeys
The Railway Board has adopted a plan suggested by Mrs. Takahashi, Tokyo Station master, to connect special cars to the Shimonoseki express train that leaves Tokyo at 4 p.m. daily, exclusively for the use of female students who are going home for the summer vacation.
Japan Times
BUSINESS
Jul 2, 2019
To keep boredom at bay, more Japanese retirees are starting up their own business
An increasing number of newly retired people are starting up businesses, using their wealth of experience and knowledge while taking advantage of government loan programs.
Japan Times
COMMUNITY / How-tos / Age Wise
Jun 26, 2019
Deal with clutter while the choice to toss is still yours
A big part of retirement is spent organizing your home and your affairs, but tidying experts advise decluttering well beforehand.
Japan Times
COMMENTARY / Japan
Jun 25, 2019
Politicians must address retirement concerns
The government needs to make information about the public pension system more transparent and easy to understand.
Japan Times
JAPAN / EXPLAINER
Jun 23, 2019
Report on Japan pension shortfall spurs anxiety — and a closer look at the system
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 the government program's dependability.
Japan Times
BUSINESS
Jun 18, 2019
Another Japanese government estimate indicates up to ¥30 million in savings needed per couple after retirement
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.
Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
Yen swings stir talk that Japan is in the FX market once again
An electronic screen in Tokyo displays the yen exchange rate against the U.S. dollar and the graph showing its recent swings, on Thursday.
Harajuku strives to reclaim its former glory — and surpass it
Laforet Harajuku, which celebrated its 45th anniversary last year, has been a witness to the district's evolution over the years.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Japan's May 1 intervention may have cost ¥3.66 trillion, BOJ data suggests
An electronic screen displays a graph showing Japanese yen exchange rates surging against the dollar amid signs of intervention by authorities, in Tokyo on Thursday.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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