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 ...
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, ...
After record 16,927 dementia patients went missing in Japan in 2018, expert urges community support
Of the nearly 17,000 people who wandered off in 2018, 197 could not be found by the end of the year, according to police data.
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 ...
Japan has world's lowest proportion of working-age people, U.N. report says
While the ratio is falling worldwide, Japan stands out with just 1.8 people aged 25 to 64 for each person aged 65 or over.
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 ...
Government backpedals on report that said elderly couples will need ¥20 million in savings
Taro Aso indicated he would not receive the report, saying its premise “has caused extreme worries and misunderstanding and runs counter to the government’s existing policy.”
Japan plans new driver's license system for elderly as accidents surge
In the wake of a slew of fatal accidents involving elderly drivers, the government plans to create a new driver's license system that limits senior citizens to cars with safety features such as automatic brakes. The proposal will be included in the government's growth strategy ...
Pensioners in Britain who have watched television programs such as "Blue Planet" and "Doctor Who" for free will have to start paying after the publicly funded BBC said it would scrap free licenses for people over 75 years old. The BBC, which is funded by ...
An elderly driver and his wife died after their speeding car entered an intersection and hit a vehicle attempting to turn in the city of Fukuoka on Tuesday night, spurring an accident that involved at least four other vehicles, police said. A total of nine ...
The rate who said they drive was higher in rural areas, where transportation services are limited, indicating cars are essential for everyday trips.
Japan's pension system inadequate in aging society, council warns
A council at the FSA estimates that a couple who lives until 95 will need at least ¥20 million more than what their pension benefits will provide.
