Japan [electronic resource] : Selected Issues.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 12/209Publication details: Washington, D.C. : International Monetary Fund, 2012Description: 1 online resource (56 p.)ISBN: 1475506341 :ISSN: 1934-7685Subject(s): Basic Pension | Life Expectancy | Pension Benefit | Pension System | Pension | JapanAdditional physical formats: Print Version:: Japan : Selected IssuesOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
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