Social Sciences
8 years ago

Japan's Social Security Fund Reform Leads to Trillions in Savings.

Journal of Liaoning University
A Review on the Reform in 2001 of the Investment System and Policy for Japan's Social Security Reserve Fund: Issues and Future
Wang Xin-mei

Paper Summary

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The article discusses how Japan reformed its social security fund investment system in 2001 to address previous losses. The old system, FILP, led to significant debt, so a new fund, GPIF, was created to invest in the market. This change aimed to improve the fund's performance and avoid past mistakes. The authors analyzed the reform process and highlighted the problems and benefits of the new system. The findings could offer insights for other countries, like China, looking to reform their social security funds.