Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Tundra who wrote (7058)	10/13/1998 8:50:00 PM
From: Tundra	Read Replies (1) \| Respond to of 9980

FYI ----------------------------------------------------------------------- Japan Govt Panel To Urge Pension-Premium Freeze TOKYO (Nikkei)-An advisory panel to Prime Minister Keizo Obuchi has decided to call for freezing corporate-employee pension insurance plans' premiums for the next several years, government sources said Tuesday. In an emergency economic proposal expected to be adopted Wednesday, the Economic Strategy Council will also urge the government to compile large-scale pump-priming measures containing over 10 trillion yen in new spending. Under the law governing the pension system, in October 1999 the government is scheduled to raise the premium for the government-run corporate-employee pension to 19.50% of employees' monthly wages, up from the current 17.35%. But with Japan undergoing its worst recession of the postwar period, the advisory panel has concluded that the planned premium hike will dampen consumer confidence further and possibly send the economy down a bottomless spiral, sources said. Panel members are still debating whether the freeze should remain in effect for two to three years or for five years. (The Nihon Keizai Shimbun Wednesday morning edition)