Japanese insurance giants will raise the retirement age to 70.
Meiji Yasuda Life Insurance, a major Japanese insurance company, has decided to raise the retirement age from the current 65 to 70 from the current 65 years old from fiscal 2027, the first of its kind among major financial and insurance companies in Japan. About 10,000 employees will be raised to employees other than sales personnel. For employees over the age of 65, if the job content is the same as before, the salary will also be maintained at the previous level. Previously, Meiji Yasuda Life Insurance raised the retirement age from 60 to 65 in 2019.
As Japan's declining birthrate and aging population intensify, and the working population continues to decline, the Japanese government is also looking for ways to increase the willingness of the elderly to work.
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The Japanese prime minister's annual salary last year was 38.75 million yen (about 1.75 million yuan).
On July 1, Japan's House of Councillors and House of Representatives revealed that the average income of members of the Diet for the whole of last year was 25.3 million yen (about 1.14 million yuan), an increase of 3.74 million yen from the previous year, of which 26.42 million yen per capita in the House of Representatives and 23.19 million yen per capita in the House of Councillors.
Fumio Kishida, the prime minister of Japan and president of the Liberal Democratic Party, has an annual salary of 38.75 million yen (about 1.75 million yuan), while the annual income of the leaders of the major opposition parties is about 20 million yen (about 900,000 yuan).
The highest-paid member of the Diet was Kenji Nakanishi, a member of the House of Representatives of the Liberal Democratic Party, with 746.79 million yen.
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