Japan's financial agency estimates couples need retirement savings of up to 30 mil. yen

The Financial Services Agency estimates couples will require up to 30 million yen in retirement savings, far higher than the amount suggested by a panel in a controversial report that questioned the credibility of the public pension system, a document showed Tuesday.At a meeting of the panel in April, the agency presented its own estimate that retired couples would need 15 million yen ($139,000) to 30 million yen if they live to be 95 years old to make up for a shortfall that would be incurred if they were to rely solely on pension benefits to cover living expenses after retirement.The top …READ FULL ARTICLE