Recently the Yomiuri News reported the following:
On the 11th, the pension department's meeting of the Social Security Council (a consultative body of the Minister of Health, Labour and Welfare) of the Ministry of Health, Labour and Welfare formally started the discussion on increasing the eligibility age for payments of welfare pension to 68 - 70 years old in the future, and presented three proposals.
The said ministry aimed at the finalization of the reform bill before the year end.
Regarding the provision of the welfare pension, it would be pulled up to 65 years old. For the men it would be pulled up till the 2025 fiscal year, for the women it would be pulled up gradually until 2030 fiscal year, respectively; and it was already decided to unite it with the basic pension.
But, the Ministry of Health, Labour and Welfare, bearing in mind the low birth rate and growth of national life expectancy, further judged that it was necessary to raise the pensionable age so as to stabilize the financing scheme.
It seems that the welfare payment in Japan would be shrinking gradually in the coming years.