Japan has a universal insurance system whereby everybody residing in Japan must, in principle, take part in the public health (medical) insurance and pension insurance system. Japan has four different kinds of insurance system which companies are legally obliged to take part in; all workers that meet certain criteria are covered by the insurance: 1 Pension Insurance: provides for benefits to workers in their old age, or in the case of death or disability. 2 Health Insurance and Nursing Care Insurance: cover medical and nursing care expenses incurred by workers. 3 Employment Insurance: provides for workers that become unemployed and helps to maintain stable employment such as by providing financial […]