Chairman Nakamura’s Comments on the decision on the effective date
for the China-Japan Social Security Agreement

May 16, 2019

With the exchange of notes taking place today, it was decided that the China-Japan Social Security Agreement will enter into force on September 1. We would like to express my heartfelt gratitude to the Japanese government and related officials for their efforts toward having the agreement quickly enter into force.

The JFTC has been working together with other groups to appeal for efforts to conclude social security agreements with major countries. There are more Japanese expats stationed in China than any country in the world. When this agreement enters into force, it is expected to eliminate tens of billions of yen annually in double payments of social insurance premiums by expat employees of Japanese companies, thereby adding momentum to the business activities of Japanese companies in China.

I have high hopes that this will lead to more active trade and investment between Japan and China.