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Excuse the over-simplification, but is the Japanese government's reluctance to proactively stimulate their economy built partially on a desire to secure the pension for a few more years (both as a product of cultural expectations and the appeasing mostly elderly voter-base)?

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Some reading: https://en.wikipedia.org/wiki/Abenomics#Implementation

They've been attempting to stimulate the economy already. As you mention, viability of pensions is very important in Japan. Much of their savings and investments are in Japanese bonds.

It is likely a major piece of the puzzle and will also be due to reverence of their elderly.

Ah yes, that's what I meant by "cultural expectations," but "reverence" is certainly a far more succinct way to describe it.

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