The ruling coalition in Japan successfully negotiated with the opposition Constitutional Democratic Party of Japan (CDP) on reforming the nation's pension system. This agreement effectively clears the final significant obstacle in the current parliamentary session, scheduled to end on June 22.
The initial submission of the pension reform bill was postponed for more than two months. Prime Minister Shigeru Ishiba's minority government then acted swiftly to gain Lower House approval, largely incorporating the CDP's requests.
Prime Minister Ishiba, also the head of the Liberal Democratic Party, expressed satisfaction with the agreement, calling it "very meaningful" following a meeting with his counterparts from Komeito and the CDP.
The ruling coalition struck an agreement on Tuesday with the opposition Constitutional Democratic Party of Japan on reforming the pension system — de facto clearing the last major hurdle of the ongoing parliamentary session that is slated to end on June 22.
After the original bill's submission was postponed for over two months, the minority government of Prime Minister Shigeru Ishiba rushed to secure its approval in the Lower House, largely accommodating to the demands of the CDP.
"It's a very meaningful agreement, and we're very happy about it," Ishiba, who also serves as head of the Liberal Democratic Party, said after a trilateral meeting with his Komeito and CDP counterparts Tuesday afternoon.
If you often open multiple tabs and struggle to keep track of them, Tabs Reminder is the solution you need. Tabs Reminder lets you set reminders for tabs so you can close them and get notified about them later. Never lose track of important tabs again with Tabs Reminder!
Try our Chrome extension today!
Share this article with your
friends and colleagues.
Earn points from views and
referrals who sign up.
Learn more