Japan. Continue reforming pension system for its stable long-term management
To pass the public pension system to future generations in a stable manner, further reforms are vital. The latest results can be considered to have demonstrated anew such a need. The Health, Labor and Welfare Ministry has released a report examining the fiscal conditions of the public pension system. These are the results of provisional calculations, made every five years, of the pension benefit levels that people will be able to receive in the future, under scenarios that presume various...