Monthly Archives: February 2012

Workers at Goldman Sachs Japan units unionize amid layoffs

According to a 2,000-word in the Japan Times’s Zeit Gist column: ” [Large layoffs] at Goldman Sachs Japan, [have led] some of its staff [to] the remarkable step of unionizing after the firm’s attempts to force workers to voluntarily resign — and thus sidestep … Continue reading

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Return on pension funds invested via life cos sinks to -8.51%

Corporate pension funds invested through pooled accounts run by Japan’s six major life insurers suffered average returns of -8.51% in what the (Japanese-language ) Nikkei newspaper describes as “the cumulative third quarter of fiscal 2011”. The poor performance of what is dubbed “group annuities” … Continue reading

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Demographics drive institutional cash abroad, but big ¥ barrier

With a trove of US$3,363 billion Japan remains home to the world’s second largest pool of retirement savings behind the US, which has US$16,080bn, and ahead of the UK, at US$2,394bn, according to Towers Watson’s latest annual Global Pension Assets Study. … Continue reading

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