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Japan and the Lost Generation’s Looming Pension Crisis

The “employment ice age” that followed the collapse of the 1980s bubble condemned hundreds of thousands to low-paying temporary jobs and a meager pension to match. Who will sustain Japan’s Lost Generation as it enters retirement in the years ahead? In Japan, the term Lost Generation refers to those who had the bad luck to graduate during the “employment ice age” of the 1990s and 2000s—after the collapse of the 1980s asset-price bubble—when companies sharply curtailed their annual recruitment of ...

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