How much do companies in Japan pay for labor and social insurance systems?
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. The total premium rate (the employer’s burden) of the mandatory social security scheme for employment is about 15% of total annual wage. This includes Workers Accident Compensation Insurance, Employment Insurance, Health Insurance and Nursing Care Insurance’ Employees’ Pension Insurance and contribution to Children and child-care.