Japan to curb pension benefit increases for 2nd straight year

Payouts estimated to rise 2.6% in fiscal 2024, short of expected inflation

20231115N Japan seniors REUTERS

Seniors meet at a restaurant in Tokyo. Retirees in Japan face the highest inflation in decades. © Reuters

TAKEMI NAKAGAWA, Nikkei staff writer

TOKYO -- Japan is expected to curb the increase in national pension payouts for the second year in a row using an adjustment that reduces benefits when compared against rising consumer prices, Nikkei has learned.

Benefits will grow by an estimated 2.6% in fiscal 2024, leaving recipients somewhat worse off after inflation.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.