Japan

Japan

Japan to increase family leave entitlements [Updated]

The Japanese government passed legislation amending the Child and Family Care Act by introducing a four-week paternity leave and adding more flexibility to existing parental leave entitlements to ensure a better work-life balance for working parents. The new legislation entered into effect 1 April 2022, with many provisions entering into effect over the following months.

Japan

Japan to reform defined contribution pension plan [Updated]

Update: The new legislation passed and will enter into effect starting 1 December 2024. The Japanese Ministry of Health and Welfare recently published a proposal aimed at reforming defined contribution (DC) plans by raising DC contribution sub-limits and relaxing individual […]