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12-Sep-08 11:30 [Asia Pacific]
Japan 'engulfed' by missing pensions scandal The first day of campaigning for the Japanese premiership started this week but was marred by unrest surrounding a pension system which is "close to meltdown", it has been reported.
It was revealed by the Daily Telegraph that the Japanese Social Insurance Agency (SIA) was unable to locate and link 18.4 million people in the country with their pension records.
This crisis, it added, hit its worst period during last year when the government announced that it could not identify over 50 million public pension accounts, with the process still continuing "with slow progress" by matching premiums payments.
It was also announced by the SIA that one official of the government had also informed companies that were falling behind with premiums that employees should falsify their records to pay lower rates.
Yasuo Fukuda, the previous prime minister, resigned yesterday to make it 13 prime ministers in 20 years in Japan but with only one ruling party - a "pattern rarely seen outside the communist world", the Associated Press noted.
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