Pension Reforms: Workers and Japanese Planners

pension reforms: Such changes will alter the social fabric of a nation long resistant to immigration, according to The Japan Times. But more generous work visas will also increase competition for migrant labor in the region, especially among advanced economies with similar demographic problems and a poor record of hosting visiting workers. Key to the policy is a visa plan to bring in more foreign labor over the next five years, including 345,000 blue-collar workers from China and Southeast Asia. ; To attract quality workers, Japanese planners are trying to not only correct past problems, but also let qualified migrants stay longer, bring their families, and in some cases become citizens. Taiwan is a case in point. Policymakers have responded with pension reforms designed to keep people working longer, investments in robotics and artificial intelligence, and programs to encourage women to have more children while staying employed. With one of the lowest fertility rates in the world, Taiwan will soon surpass Japan in the ratio of elderly to young residents, with projections suggesting that by 2065 there will be only one working-age Taiwanese for every retiree. (news.financializer.com). As reported in the news.