Pension reform must accompany consumption tax hike
To end people's fears that the public pension won't support them in retirement, the government must place comprehensive social security reform at the top of the political agenda.
Aging Japan to see 25% of breadwinners turn 75 or older by 2040: report
Japan's rapidly-aging society will see a quarter of its breadwinners turn 75 or older by 2040, the Nikkei daily has reported, citing a study from the National Institute of Population and Social Security Research. The total number of head-of-households who are 75 years of age ...
Over half of Japanese choose not to obtain My Number cards: survey
The Cabinet Office finds more than half of 3,000 Japanese aged 18 or over questioned during survey have chosen not to obtain My Number social security and taxation identification cards.
Mitch McConnell says Senate Republicans might revisit Obamacare repeal if they win midterms
Republicans could try again to repeal Obamacare if they win enough seats in U.S. elections next month, Senate Republican Leader Mitch McConnell said on Wednesday, calling a failed 2017 push to repeal the health care law a "disappointment." In a forecast of 2019 policy goals ...
Abe determined to finish social security reforms in three years
Prime Minister Shinzo Abe has said he is determined to achieve social security reforms in three years. At a Friday meeting of the Council on Economic and Fiscal Policy, Abe expressed his willingness, in particular, to accelerate reforms to curb swelling government spending for medical ...
April 1 marks start of Japan's new medical fees and processes
The new medical prices are out. Last week, after more than a year of intense deliberations among various stakeholders, a panel under the Health, Labor and Welfare Ministry released a long list of changes to the nation's medical fees. The fee review, which takes place every ...
Number of households in Japan on welfare hit record high in October
The number of households in Japan receiving welfare increased by 634 in October from the previous month to hit a record high of 1,642,907, up for the sixth straight month, the Ministry of Health, Labor and Welfare has announced. The growth reflects an increase in ...
Democrats aim for 2018 midterm boost from Trump tax plan fallout, target 'complicit' GOP incumbents
A Democratic congressional candidate outside Philadelphia calls the Republican tax overhaul a "cynical bill" that will redistribute wealth upward. One of her counterparts in California dismisses estimates of tax savings for most U.S. households and says the legislation is "just putting money in the pocket ...
The Cabinet approves a draft budget of ¥97.7 trillion for fiscal 2018, breaking the record for the sixth year straight.
GOP-led Congress under fire as secrecy-shrouded Trump tax overhaul seen targeting coveted deductions
President Donald Trump's plan for overhauling the U.S. tax system faced growing opposition from interest groups on Sunday, as Republicans prepare to unveil sweeping legislation that could eliminate some of the most popular tax breaks to help pay for lower taxes. Republicans who control the ...
The government and political parties need to offer the public convincing explanations on how the social security system can be sustained.
Japan's social security burden frustrates BOJ's inflation, spending efforts
Japanese companies are paying more for employees these days. Problem is, the money is going toward social security payroll taxes instead of wages, adding to the frustrations of Bank of Japan policymakers seeking higher wages and stronger inflation. While businesses haven't raised salaries much, their ...
