Abstract
This article reviews a decade of implementation of the public long-term care insurance (LTCI) program in Japan, which is now experiencing unprecedented pressure from its rapidly aging population. This overview of the program's features focuses on the incentive mechanisms and diversity and examines official future projections of LTC costs and their accompanying assumptions. Included is the discussion of possible reforms for the LTCI program, with an emphasis on the micro aspects of LTC, with evidence provided by the Japanese Study on Aging and Retirement (JSTAR).
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