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Aso Rejects Another Govt Estimate on Post-Retirement Budgets

Aso Rejects Another Govt Estimate on Post-Retirement Budgets

   Tokyo, June 18 (Jiji Press)--Finance Minister Taro Aso on Tuesday rejected as "inappropriate" a Financial Services Agency estimate suggesting that people in Japan need to prepare 15 million to 30 million yen, besides pension benefits, for their post-retirement budgets.
   The move came on top of his earlier refusal to accept a different FSA estimate pointing to the average post-retirement budget shortage of 20 million yen.
   The 15-million-to-30-million-yen estimate is "also inappropriate if it could cause misunderstandings," Aso, who doubles as minister of state for financial services, said at a House of Councillors committee meeting.
   The ruling coalition is wary of a public backlash against the government estimates, ahead of a triennial Upper House election this summer.
   The opposition camp argues that the estimates indicate the government's admission that the country's public pension system is collapsing.

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AFP-JIJI PRESS NEWS JOURNAL


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