In 2023, NPISHs and Households Defined Benefit Plans in Japan stood at 104.29 trillion Japanese Yens. From 2024 onwards, forecasts show a gradual decline from 103.23 in 2024 to 99.123 trillion by 2028. This indicates a year-on-year decrease of about 1% for 2025 and 2026, with slight accelerations in decline as time progresses. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is negative, evidencing a continuous downward trend.
Future trends to watch for include potential macroeconomic factors affecting pension fund solvency and demographic changes, such as an aging population, which might further influence defined benefit plans' sustainability and require adjustments in policy or management practices.
