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November 23, 2024
 

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PENSIONS

Government Pension Investment Fund saw a loss of 3.6% in the three months through September, with assets totaling ¥248.2 trillion ($1.6 trillion), it said Friday.
BUSINESS / Companies
Nov 1, 2024
GPIF has worst loss since 2020 as yen strength hits assets
GPIF, one of the world’s largest state pension funds, incurred losses in three of four major asset classes.
Political parties are highlighting measures to reform the health care system for the elderly and the public pension system as the population ages.
JAPAN
Oct 17, 2024
Parties highlight measures for working generation
The country's health care and public pension systems are being discussed ahead of the upcoming general election.
Elderly people rest at a park in Beijing on May 22.
BUSINESS
Sep 24, 2024
China's retirement reforms not enough to fix pension headache
Lawmakers fast-tracked the policy without public consultation in September
Elderly people rest at a park in Fuyang in eastern China's Anhui province on Friday. China said the same day that it would gradually raise its statutory retirement age, as the country grapples with a looming demographic crisis and an older population.
ASIA PACIFIC / Society
Sep 14, 2024
China’s first retirement age hike since 1978 triggers discontent
The move could stem a decline in the labor force but risks angering workers already wrestling with a slowing economy.
The government is considering asking more people age 75 or over to pay 30% of their medical costs.
JAPAN / Society
Sep 13, 2024
Japan may require more elderly people to foot 30% of their medical costs
Currently, those age 75 or older pay in principle 10%, while those with preretirement levels of income pay 30%.
Commuters sit at a cafe in Sydney on Feb. 26.
BUSINESS / Economy
Sep 11, 2024
Over a third of Australians say they’ll never be able to retire
Australia’s proportion of retirees is expected to surge from 8% today to 19% over the next 40 years.
Michie Hino, 77, works at an elderly care home in Chiba Prefecture. She is one of a growing number of senior Japanese citizens working into their 70s.
JAPAN / Society / FOCUS
Sep 5, 2024
Working till your 70s — Japan's prospective gift to the world
A struggling pension system and the highest inflation in decades have led more Japanese people to delay retirement until their 70s or later to make ends meet.
The current survivor pension benefits system for couples without children has different criteria for payments depending on the recipient's gender.
JAPAN / Society
Jul 31, 2024
Ministry proposes changes to pension payments to surviving spouses
Under the welfare ministry plan, payments would be limited to five years for both men and women in the 20s to 50s without children.
NEC employees attend a Japan Asset Management seminar to learn about building up financial assets.
BUSINESS / Companies / FOCUS
Jul 29, 2024
Japanese firms helping employees build up financial assets
Companies are inviting financial experts to guide employees on managing their pension plans and provide insights into the revamped NISA.
Elderly people dance in a park in Beijing on Jan. 16.
ASIA PACIFIC / Society
Jul 22, 2024
China to allow delayed retirement to combat population woes
The country is struggling to relieve soaring pressure on pension budgets, with many provinces already facing deficits.
Data has shown that Western pension funds may inadvertently be helping Russian President Vladimir Putin as Moscow looks to ramp up liquefied natural gas exports to replenish Kremlin coffers and fund its war in Ukraine.
BUSINESS / Economy
Jul 21, 2024
How U.S. pension funds help Putin’s gas gambit
The case spotlights the opacity of the global finance and how hard it remains to sever Moscow from a key revenue source even two years after the Ukraine invasion.
The proportion of public pension benefit payments to disposable income of working generations in Japan is projected to drop to a little over 50% in 33 years.
JAPAN / Society
Jul 3, 2024
Japan public pension benefit rate seen falling to 50% in fiscal year 2057
The calculations are based on assumptions that the economy will maintain a certain level of growth and that the population will remain the same.
The health ministry says it will conduct its first survey on how much foreign residents are paying in health insurance and pension premiums.
JAPAN / Society
May 28, 2024
Health ministry to collect data on insurance premium payments by foreign residents
The ministry currently has no data on how much foreign nationals are paying in terms of health insurance payments and pension premiums.
Cleaning worker Hu Dexi, 67, at a shopping mall in Beijing on April 10
BUSINESS / Economy
May 8, 2024
In rapidly aging China, millions can't afford to retire
With a low retirement age, meager pension benefits and no family to support them, many in China feel they simply can't ever stop working.
The plaintiff argued that age and other specific restrictions for men for survivors' pensions violates the constitution.
JAPAN / Crime & Legal
Apr 10, 2024
Lawsuit filed over gender gap in survivor's pension conditions
The plaintiff was rejected for the survivor pension due to being 49 years old at the time of his wife's death.
In some cases, it's up to individual foreign residents to understand the unique tax implications of their home countries and Japan in order to avoid a penny-pinching retirement.
COMMUNITY / How-tos / Age Wise
Nov 5, 2023
Retiring in Japan? Be prepared to foot your own bills.
“In an ideal world, everyone should have retirement planning on their radar as soon as possible when working life begins.”
The world's largest pension fund lost 0.31% for the three months from July to September, trimming its overall assets to ¥219.3 trillion.
BUSINESS / Markets
Nov 2, 2023
Japan's GPIF reports ¥683 billion loss in July-September period
The news comes as a policy tweak by the central bank hits the government bond market.
Japan Times
BUSINESS
Jul 7, 2023
Japan pension fund GPIF posts ¥10.3 trillion quarterly return on global equities rally
GPIF gained 5.41% for the quarter, raising its total assets to above ¥200 trillion, it said in its annual report for fiscal 2022, which ended in March.
Japan Times
JAPAN
Jun 12, 2023
Human error leads to privacy breach for one person's pension records
The pension records were linked to someone else's My Number due to human error and were shared on the Mynaportal portal site for My Number cardholders.
Japan Times
WORLD / Politics / ANALYSIS
Apr 29, 2023
Braving boos, Macron hopes 'cathartic' walkabouts will soothe pension anger
After weeks of protests against his decision to raise the minimum pension age by two years, Macron's popularity ratings have plunged to near record-low levels.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Saitama court bans demonstrations over anti-Kurd hate speech
Kurdish people in Japan in 2015. A court injunction has banned acts that defame the Japan Kurdish Cultural Association and are disrespectful, such as putting up banner flags or handing out fliers with hate speech like “Refugees should go back to their home countries.”
China reinstates visa-free travel for Japanese nationals
Beijing Daxing International Airport
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

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