Monthly Archives: June 2014

Pensions seek diversification via foreign bonds & alternatives

J.P. Morgan’s latest annual survey of Japanese corporate pension funds’ investment intentions has found them aiming to reduce overall risk by lowering target returns and cutting allocations to equities, says a press release about the soon-to-be published results. Company retirement … Continue reading

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Abenomics gets another iteration

The much anticipated revision of Japan’s Revitalization Strategy is now available in English from the Prime Minister’s Office here.

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Segregated DB pensions hit 100tr yen, foreign managers shine

The value of Japan’s defined-benefit pension funds under external management in segregated accounts passed the 100,000 billion yen mark for the first time at the end of the financial year on 31 March 2014 and may have reached over 120,000bn … Continue reading

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You saw it here first …

On 16 June ijapicap published Abe attacks ”GPIF’s 61.8% in JGBs, silent on Japan Post’s 61.2%” (see below) which noted that while the air over Tokyo is thick with speculation about the consequences of government obliging the semi-independent GPIF to … Continue reading

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Reports of GPIF selling JGBs probably exaggerate the reality

The Government Pension Investment Fund [GPIF] and civil service retirement schemes held 1.8 trillion yen less in ‘central government securities’ on 31 March 2014 than on 31 December 2013, Bank of Japan flow of funds figures show. This investment category … Continue reading

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Abe attacks GPIF’s 61.8% in JGBs, silent on Japan Post’s 61.2%

A first glance at the breakdown of Japanese life insurance companies’ assets at the end of the financial year on 31 March, published last week by their trade association, suggests that the long awaited jump in the proportion of portfolios … Continue reading

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