Overhauling Japan’s pensions system
Japan’s retirement system is in need of drastic change, but is the gradual shift to defined-contribution plans just a cop out?
The Japanese pension system is in need of change. Given the size and sophistication of the country, Japan ranks a lowly 31 out of 37 on the Melbourne Mercer Global Pension Index (MMGPI), a gauge of how well a developed market's pension system is geared to meeting long-term needs.
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