Financial literacy and credit counselling will create the right conditions for financial inclusion. 28. There is also a need to improve the absorptive capacity of financial services by providing basic infrastructure such as health, water, sanitation and education which can lead to faster income growth and increase in non-farm based activities in rural areas and lead to increase in demand for credit.
At least once every five years, the government must carry out a comprehensive review of the financial conditions of the pension system, including its long-term prospects. The aging of the population has huge implications not only for the pension system but also for public finances in general. Expenditure on health and elderly care has increased significantly in Japan.