In previous papers, I clearly showed that the annuity part of the Japanese employment pension is miserable and although the lump sum part is fairly good, most of it is spent on renovating housing. This paper shows that this vital element of the Japanese pension system is being eroded at a time...

The Japanese economy has begun to show signs of recovery from its deepest post WWII recession. Although it is generally acknowledged that the recovery is not based on solid foundations, there is elation within Japan regarding the prospects for renewed economic growth. Yet little or no attention...