Working into your 70s is new norm in Japan that may spread globally

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Japan’s experience with its pension system will offer important lessons for policymakers in China, South Korea, Europe and the US, all of which are grappling with similar aging demographics.

The share of equities and investment trusts in Japan’s household assets rose to a record 19.7% at the end of March, according to Bloomberg calculations based on the Bank of Japan’s quarterly flow of funds data released in June.

He cited a Cabinet Office survey of those aged 65 and older that showed over 80 percent of respondents felt their household budgets were tight.“Many elderly are struggling,” he said.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: PhilippinesChinaJapanSouth Korea

Topics: Average Elderly Japan’s System Government Percent People According Pension Years Living

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 16:02:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1251 words

Reading Time: 7 minutes read

Sentences: 48 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22398924

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 20 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 14 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #37

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