Japan's government finalized plans for social security reforms on Monday. Officials hope the changes will make the system more balanced and beneficial across age groups.
Prime Minister Suga Yoshihide said, "Japan's population is aging rapidly with fewer children. We have a responsibility to pass on a social security system that limits the burden on working people and offers all generations peace of mind."
The chairman of the Japan Business Federation has expressed hope for the Cabinet of newly-elected Prime Minister Suga Yoshihide.
Nakanishi Hiroaki released a statement on Wednesday. He said he wants to praise the new Cabinet lineup as it can execute reforms across a wide range of areas without being restricted by precedents.
The new leader of Japan's governing Liberal Democratic Party says he will choose reform-minded people for party executives and cabinet ministers.
Suga Yoshihide spoke to reporters on Monday after being elected as the president of the Liberal Democratic Party. He is expected to be chosen as prime minister in Diet elections on Wednesday.