Japan Gets 23rd Place in Global Retirement Security Rankings

Economy Society Lifestyle

London, Sept. 28 (Jiji Press)--Japan came in 23rd in the 2019 Global Retirement Index, compiled by major French asset management firm Natixis Investment Managers, while Iceland topped the retirement security rankings of 44 developed and emerging nations.

The rankings report, released earlier this month, is based on assessments in 18 fields, including life expectancy, health expenditures, government indebtedness, happiness and air quality.

Japan earned high recognition in the medical and health areas, coming out top in life expectancy.

Meanwhile, poor ratings were given to Japan regarding the country's proportion of elderly people, government debts and happiness.

"With the demographic time bomb ticking away, it (Japan) will need to take prompt and decisive action," the report said, pointing to the problem of the rapid aging of the country's population resulting in higher social security costs and further increases in government debts.

[Copyright The Jiji Press, Ltd.]

Jiji Press