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Number of Japanese Households on Welfare Hits Record High

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The number of households on welfare in Japan reached a new record 1,618,196 as of December last year, up 3,296 from the previous month, government data showed Wednesday.

The number of recipients stood at 2,170,161 in the month, up 3,388 from a month earlier, marking the second-highest rise, the Health, Labor and Welfare Ministry said.

Of the total, the number of households consisting of persons aged 65 or older came to 764,693, or 47.5 percent, the ministry said.

The number of so-called “other households” that include persons who are able to work but receiving public assistance came to 279,536, while that of single-mother households was 109,250. Both figures showed a drop from a year earlier, reflecting the recent economic recovery, a ministry official said.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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