Japan's Retirement Age Reforms in an Aging Society: Policy Experience and Enlightenment

Abstract

As one of the world's oldest countries, Japan has long faced labor shortages and pension funding pressures. In response to these challenges, the government has continuously adjusted the statutory retirement age and pension system to encourage the elderly to continue to participate in the workforce and ensure the sustainable development of the pension system. Since the "13th Five-Year Plan" proposed in 2016 to implement the policy of gradually delaying retirement age, China's delayed retirement policy has been brewing for many years, and has now entered the stage of accelerating. In the process of implementing the delayed retirement policy, we can fully draw on the effective measures of Japan's retirement system reform on the basis of actual national conditions, and give full play to the role of the elderly population in society by formulating differentiated retirement mechanisms, increasing employment security for older workers, developing flexible and diverse forms of employment, promoting the rationalization of employment structure and strengthening cultural construction. Promote stable economic and social development.