Following entry is a record in the “Catalogue of Catastrophe” – a list of failed and troubled projects from around the world.
Social Insurance Agency – Japan
Date : Jun 2007 Cost :Undisclosed
Japanese government admits they can no longer identify the true owners of 50,000,000 pension accounts. Social Insurance Agency Director General Kiyoshi Murase himself stands outside government buildings handing out fliers apologizing for the mistakes.
Contributing factors as reported in the press:
Investigation underway, no reports made public, but appears to be related to lack of management and the handling of various integration projects over the years.
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