Japan: Selected Issues

August 1, 2012

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Japan: Selected Issues, (USA: International Monetary Fund, 2012) accessed November 21, 2024

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.

Subject: Aging, Credit, Expenditure, Labor, Money, Pension spending, Pensions, Population and demographics

Keywords: Aging, Asia and Pacific, Bank, Contribution rate, CR, Credit, Eligibility age, Global, ISCR, Japan, OECD Japan, Pension, Pension benefit, Pension spending, Pensions, Replacement rate

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/209
Stock No:

1JPNEA2012002
ISBN:

9781475506341
ISSN:

1934-7685

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