Although the government has since continued to refine the plan to make it available to a wider range of people, the number of iDeCo+ subscribers still stands at around a mere 23,000.4 Looking at trends among people changing jobs by size of enterprise, the number of people moving between large enterprises and from SMEs to large enterprises has increased significantly, while the number of those moving between SMEs and from large enterprises to SMEs has declined or remained flat.
It is possible that the issue of pension plans may be one of the reasons labor migration to SMEs has not increased (Chart 13). Realizing new growth in Japan's economy will require smooth labor migration into growth businesses, including startups. I look to corporate managers, financial institutions, and local administrations to accelerate their efforts to this end. IV.