INTERVIEW: LDP's Nikai Dismisses Public Pension Worries

Politics

Tokyo, July 9 (Jiji Press)--Toshihiro Nikai, secretary-general of Japan's ruling Liberal Democratic Party, rejected worries over the country's public pension system, in a recent interview with Jiji Press.

"The public pension system is sustainable well into the future thanks to a series of reforms," Nikai said ahead of the July 21 election for the House of Councillors, the upper chamber of parliament. "I've no worries."

Nikai's comments came amid growing concerns about uncertainties over life after retirement in the country, triggered by a controversial government report that said an elderly couple needs 20 million yen in life savings, aside from public pension benefits, to survive after retirement.

"It's a shame to cause misunderstanding and anxieties among the public," Nikai said of the report. He stressed the need to prevent such situations from happening again.

Referring to the campaigning for the Upper House election, Nikai underlined the importance of the LDP presenting to the public its plans on the issue of the decreasing birthrate and aging population.

[Copyright The Jiji Press, Ltd.]

Jiji Press