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How to increase the workforce by 0.5 million without immigration

I argued on Monday that, instead of importing hundreds of thousands of migrants each year to address labour shortages, Australia should abolish the income test for the aged pension to encourage more seniors to enter the workforce. Despite two decades of extreme immigration, which saw Australia’s population grow 2.5 times faster than the OECD average, The post How to increase the workforce by 0.5…

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Japan FY 2027 debt-servicing costs likely up 17% at record 36 tril. yen

TOKYO (Kyodo) -- Japan's debt-servicing costs are likely to rise 17.1 percent to a record 36.64 trillion yen ($230 billion) in the next fiscal year, r

  • Japan's FY 2027 debt-servicing costs projected to rise 17.1% to 36.64 trillion yen.
  • Finance Ministry expects 38.69 trillion yen budget request, 15.1% increase.
  • Interest rate for fiscal 2027 forecasted at 3.8%, up from 3.0% current year.

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