Japan’s Abe In Hotseat After Pension Report Highlights Income-Savings Gap

www.oann.com | 5/27/2019 | Staff
kimberly163 (Posted by) Level 3
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe faced stiff opposition criticism on Wednesday after a report warned that many retirees won’t be able to live on pensions alone, a topic likely to become an issue in an election for parliament’s upper house.

Abe has made reform of the social security system a top priority to cope with Japan’s fast-ageing, shrinking population.

Furor - Report - Finance - Minister - Taro

But the furor over the report and Finance Minister Taro Aso’s refusal to accept its findings have set back Abe’s coalition as it prepares for the upper house poll amid speculation that the premier may also call a snap election for the more powerful lower chamber.

A report this month by advisers to the Financial Services Agency...
(Excerpt) Read more at: www.oann.com
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