Monday, March 1, 2021

64% of Japanese willing to work past retirement age, survey shows

About 11.7% say they are ready to work beyond 75.

Other News

Throw out your throwaway culture, green group urges global corporations

Saving the seas from single-use plastic can’t be done by consumers alone.

Hentikan budaya pakai buang, kata Greenpeace kepada syarikat global

Menyelamatkan lautan dari plastik sekali guna boleh dilakukan pengguna.

Sabah, Sarawak dapat layanan adil, kata Muhyiddin

Terdapat banyak lagi usaha yang perlu dibuat bagi meletakkan kedua-dua negeri berkenaan agar setara dengan Semenanjung.

I have big support, Muhyiddin says as he marks first year as PM

He maintains that he still possesses majority support, rejecting accusations that the state of emergency was a ploy to remain in power.

Muhyiddin tetap perkukuh hubungan antarabangsa

Pandemik Covid-19 tidak bermakna negara tidak memberi perhatian dalam hubungan antarabangsa.

A recent survey shows that 64% of Japanese people are willing to work beyond their retirement age mainly due to financial concerns, Xinhua news agency reported, quoting local media on Monday.

In an online survey conducted by Nippon Life Insurance Co covering 7,543 policyholders, 38.7% of the respondents said they want to keep working in their current jobs after retirement and 25.3% said they would prefer different jobs.

Severe labour shortage is one of the challenges the country faces due to a rapidly ageing population and declining birth rate. A legal revision to be implemented next April will urge businesses to let their employees work until the age of 70 in an effort to address the problem.

When asked until when they would like to continue working, 40% said sometime between the ages of 65 and 69, followed by 31.2% who chose the ages of 60 and 64. About 11.7% said they are ready to work beyond 75.

The survey also revealed that the older people are, the more likely that they prefer their current jobs, as more than half of the respondents in their 60s or older said they want to stay on.

To get ready for a post-retirement life, the respondents said they want to save an average of ¥30.33 million, while 62.1% said they are not sure how much they would receive in terms of retirement money and pension benefits.

Follow us on Telegram for the latest updates:

Subscribe to our newsletter

To be updated with all the latest news and analyses.

Related Articles

Japan replaces ‘sexist’ Olympics president with female athlete

She now faces difficult questions with only a few months to go before the Olympics’ delayed start.

Quad allies call for return of democracy in Myanmar

US President Joe Biden has said working closely with allies will be key to his strategy toward China,

Japan’s ruling party wants more women at meetings, so long as they don’t talk

Its attempt to include women at meetings has generated a chorus of Twitter disapproval.

Japan starts vaccine rollout with healthcare workers

Japan has so far approved only the Pfizer/BioNTech vaccine, and started administering the first shots at a Tokyo hospital on Wednesday morning.

Japan economy shrank nearly 5% in 2020 due to Covid-19

Financial experts expect the country's recovery to struggle because it lags behind western economies in vaccine distribution.