The Study On Credit Crisis And Lessons Of Japanese Public Aunuity System

Basic old-age insurance system,as an important guarantee of the living of the elder, provides stable and reliable source of livelihood for the older persons, which plays an immeasurable role for a country, social stability and economic development. Public aunuity in Japan is an important source of livelihood for the vast majority of the older persons. In Japan, from 1985 to the present, the public aunuity system reform has not been broken, but many problems still exist in Japanese public aunuity system. In recent years, fewer children and the accelerated aging result in more and more unbalanced Japanese public aunuity system, fewer and fewer workers in the aunuity system sustain the living of more and more retired persons, the Japanese young public keep skeptical on the public aunuity system, which leads to the non-payment of aunuity insurance; At the same time, because of the inequality between MHLW annuity and mutual aid annuity, the inequality of inter-generational benefits and burdens,the serious loss of aunuity funds,and annuity records confusion so on,the Japanese public aunuity system goes into a serious credit crisis. Studying Japanese problems and countermeasures taken by aunuity insurance system must be a role of the enlightenment for our country's future development. The ultimate aim is to draw its experience and avoid its problems in our basic aunuity system. The study of problems and measures in the development of Japanese public aunuity system has a certain degree of inspiration for the building of our basic old-age insurance system. We should draw Japanese lessons to avoid credit crisis.This article is divided into four parts, Chapter 1 describes Japanese public aunuity system and some features, for example two-tier structure, paygo, and cover all citizens, which are some basic information and the foundation of the back analysis.Chapter2 comprehensively analyses the causes of the credit crisis on the Japanese public aunuity from the perspectives of information asymmetry and the Japanese public aunuity system. Chapter 3 describs the serious consequence of the credit crisis on the Japanese public aunuity on basis of data and the corresponding measures, such as the progressive realization of a unified management on the public aunuity system, the Reform of public aunuity fund management institutions and methods of operation,check aunuity records books,and gradually change to the tax so on. Chapter 4 gets a few policy recommendations for our building of basic old-age insurance system from the credit crisis of the Japanese public aunuity.