Japan : Selected Issues

Publication Date: August 01, 2012
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Summary: Japan has a universal public pension system. Social security spending is a key fiscal policy challenge in Japan. The 2004 pension reforms have increased the ratio of the government subsidy to the basic pension benefit. Three reform measures are necessary to improve pension finances: an increase in pension eligibility age, a reduction in the pension benefit, and an increase in contributions. Eliminating the preferential tax treatments of pension income and collecting pension contributions from dependent spouses could contribute to fiscal savings.
Series: Country Report No. 12/209
Subject(s): Credit expansion | Economic growth | Financial sector | Labor markets | Pension reforms | Selected issues

Publication Date: August 01, 2012
ISBN/ISSN: 9781475506341/1934-7685 Format: Paper
Stock No: 1JPNEA2012002 Pages: 56
US$18.00 (Academic Rate:
US$18.00 )
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