Japan’s pension system is often mentioned in discussions about the country’s aging population and the challenges it faces in sustaining its economy. However, there are many myths and misconceptions surrounding this topic that can lead to misunderstandings and concerns about the system’s effectiveness. In this article, we will debunk four of the most common myths and misconceptions about Japan’s pension system to help you better understand how it works and its role in Japan’s society.

Myth 1: The pension system is only for Japanese citizens

Contrary to popular belief, Japan’s pension system is not limited to only Japanese citizens. In fact, both foreign residents and Japanese citizens living abroad can also participate in the system, as long as they meet the necessary requirements. This includes enrollment in the National Pension or Employees’ Pension, depending on their employment status. Additionally, there are agreements in place with many other countries to allow for the transfer of pension benefits, making it possible for foreign residents to receive their pension even if they move back to their home country.

Myth 2: The pension system will not be able to sustain the aging population

One of the biggest concerns about Japan’s pension system is its ability to support the country’s aging population. However, the system