HOME > NATION > Article

Text Size

small

medium

large


Japan Govt to Launch New Social Security Panel

Japan Govt to Launch New Social Security Panel

   Tokyo, Sept. 6 (Jiji Press)--The Japanese government plans to set up a new council for discussing social security issues such as pensions, medical care and elderly nursing, as related costs are bound to surge in line with the rapid aging of society.
   The new panel will be a centerpiece of a new cabinet of Prime Minister Shinzo Abe, which is slated to be launched on Wednesday, sources close to the matter said.
   Abe is expected to announce the plan at a press conference following the planned cabinet reshuffle, the sources said. The council, comprising related ministers and experts, is slated to be launched late this month at the earliest. Abe plans to nominate a cabinet minister in charge of the council.
   The government searches for ways to contain ballooning medical and care giving expenses. Social security costs are expected to skyrocket from fiscal 2022, when people in the Japanese baby boomer generation will be 75 or older, possibly reaching some 140 trillion yen in fiscal 2025, up from about 120 trillion yen in fiscal 2017.
   Dangers of a hyper-aging society have already started to materialize, with some corporate health insurance societies dissolving themselves due to financial deterioration reflecting heavy costs to cover medical expenses for elderly people. The government's financial burdens are expected to increase from fiscal 2022, potentially making its budget compilation work difficult.

To read a full story, please click here to find out how to subscribe.

NATION

Aomori Tourism Information

HEADLINES

POLITICS
Japanese, S. Korean Officials Remain at Odds over Wartime Labor, Export Curbs
ECONOMY
Japan Panel Launches Study on Social Security System for All Generations
SPORTS
Rugby World Cup Kicks Off in Japan, with Host Nation Facing Russia in Opener
OTHER
Japan Announces Plans to Vaccinate Pigs to Prevent Spread of Swine Fever

Aomori Tourism Information

GOSHOGAWARA
Introduction of Tachineputa, Town of Kanagi and West Tsugaru Peninsula
・ GOSHOGAWARA 1
・ GOSHOGAWARA 2
・ GOSHOGAWARA 3
JOMON
An early culture with pottery
・ JOMON 1
・ JOMON 2
・ JOMON 3
・ JOMON 4

AFP-JIJI PRESS NEWS JOURNAL


Photos