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 ...
Abe's top lieutenants set to retain slots in post-election Cabinet reshuffle
Key members close to Prime Minister Shinzo Abe, including Deputy Prime Minister Taro Aso and Chief Cabinet Secretary Yoshihide Suga, are likely to retain their posts in a Cabinet reshuffle that is planned for September, according to ruling lawmakers. Abe sees the contributions of Aso, ...
Politics pays as average income of Japanese lawmakers hit 16-year high of ¥26.57 million in 2018
The top nine earners all come from the Liberal Democratic Party.
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 ...
Japan's print media ponder wealth, poverty and pensions
One of my recollections from the bubble economy of the 1980s was a passage in a 1987 book titled "Hokokuron" ("The Theory of National Wealth"). Its author, the late economist Taiichi Sakaiya, stood out as one of the bubble era's most fervent cheerleaders. An American ...
Finance Minister Taro Aso survives no-confidence motions over rejection of Japan pension report
Opposition party-submitted resolutions rebuking Finance Minister Taro Aso for his refusal to receive a report questioning the ability of the country's pension system to meet retirees' needs were voted down in the Diet on Friday. The House of Representatives rejected a no-confidence motion against Aso, ...
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 ...
Cabinet support rate falls to 47.6% amid controversy over pension provision, telephone poll shows
The approval rate for Prime Minister Shinzo Abe's Cabinet has dipped to 47.6 percent, a Kyodo News survey showed Sunday, down from 50.5 percent in the previous poll in mid-May, amid criticism over handling of a financial report that indicated flaws in Japan's pension ...
G20 finance chiefs discuss measures to guard against economic risks in Fukuoka meeting
Finance leaders from the Group of 20 nations kick off a meeting in Fukuoka and discuss measures to guard against economic risks.
Taro Aso says no link between Japan's October sales tax hike, speculation over snap election
Finance Minister Taro Aso said Tuesday that the scheduled consumption tax hike and whether to dissolve the Lower House for a snap election should be considered separately. The tax "has nothing to do with" the question of whether to call an election, Aso, who is ...
Finance chief Taro Aso reiterates Japan's commitment to October tax hike amid speculation of delay
Finance Minister Taro Aso reiterated Monday the government's intention to raise the consumption tax from 8 percent to 10 percent in October as planned. Although exports are sluggish due to the Chinese economic slowdown, the employment situation and incomes are improving, Aso said at a ...
Japan calls on Asian Development Bank to reduce loans to China
Finance Minister Taro Aso called on the Asian Development Bank on Saturday to scale back easy money to countries like China that have developed to the point of no longer needing financial aid. "ADB should hold substantive discussions on a concrete path toward graduation while ...
