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 ...
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 ...
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 ...
Mizuho's trust banking sector sets sights on $11 trillion held by Japan's well-heeled elderly
Mizuho Financial Group Inc.'s trust banking arm has its sights set on exactly where the wealth is in Japan: the $11 trillion held by the nation's elderly. The company has begun selling a type of trust that gives rich retirees more options for managing their ...
Cashed-up grannies splurging on grandkids boost Japan's economy
Mikayo Taguchi loves splurging on her grandkids and children, whether for clothes or sporting goods or family outings. In Japan, that generosity matters — boosting demand by tens of billions of dollars each year. "Those who are grandmothers and grandfathers often say that you can't ...
Survey sees surge in 'secret savings' of married Japanese, with wives on top
The average amount of savings secretly accumulated by married women in 2016 was ¥1.47 million, rising by more than ¥200,000 from the year before, according to a survey by Meiji Yasuda Life Insurance Co. The survey, released Wednesday, showed that husbands, on the other hand, ...
Poll finds 14% of Japanese adults living alone have no cash in the bank
Fourteen percent of Japanese adults living alone have no money in the bank to guard themselves for rainy days, according to a recent survey of several thousand people by the nation's Central Council for Financial Services Information. The annual research by the council, which is ...
The share of Japanese households with no financial assets rose to a record high as falling incomes forced people to dig into their savings, highlighting the potential for widening disparities under "Abenomics." The proportion reached 31 percent, according to a Bank of Japan survey released ...
Yearly statistics put recession into slightly better focus
If it's February, it's time for the government to release its yearly economic statistics.
