Japan’s Costly Social Insurance: How High Premiums Hurt Today’s Workers and Why Reform Is Urgent

Economy

Former Member of Japan’s House of Councillors, Shun Otokita, raises concerns about the heavy burden of social insurance premiums on Japan’s working generation after experiencing the system firsthand post-election loss. He highlights that:

  • Around 20% of a typical salaried worker’s gross income is automatically deducted for social insurance, significantly reducing take-home pay even before income and local taxes.
  • Japan’s social insurance system favors the elderly, requiring the current working generation to shoulder ever-increasing support for pensions, healthcare, and other welfare, despite a shrinking younger population.
  • Otokita criticizes the system as outdated and no longer matching societal realities, arguing radical reform is essential so working people are properly rewarded for their efforts.
  • He vows to continue advocating for reform and encourages readers to consider how much they pay monthly—and whether these systems are truly protecting their own futures.

Comments

Copied title and URL