Monthly Archives: September 2014

Japan Post acquires 40% stake in Saison Asset Management

Japan Post Co has agreed to acquire 40% of Saison Asset Management according to Bloomberg. The fund firm is an investment trust company which at 31 March 2014 had stewardship of just 82.9 billion yen of mutual fund assets. At … Continue reading

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Pooled corporate pension assets: fewer clients, better returns

Corporate pension funds money managed in pooled accounts at life insurers and trust banks grew by just 7.1% in the year ending 31 March 2014 to reach 84.54 trillion yen, figures published by the Life Insurance Association of Japan show. … Continue reading

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Panel on best corporate practice sets 8% as minimum ROE

The final report* of a 53-member panel set up by the Ministry of Economy, Trade & Industry to debate the global standards of corporate governance most applicable to Japan received little media coverage when it was published last month. Now … Continue reading

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At pension funds demographics + decumulation = 20/30% JGBs

Figures just published* by the Japan Investment Advisors’ Association show that corporate and civil service pension schemes’ assets managed in segregated accounts under mandates held by JIAA member firms the rose only 0.53% in the first quarter of the 2014/15 … Continue reading

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PFA report on member funds’ asset allocation and returns

A Pension Fund Association survey of asset allocation at the company retirement schemes which make up its membership shows that at 31 March 2013 they had 14.90% of their portfolios in Japanese stock, 27.6% in domestic bonds, 12.96 in overseas … Continue reading

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Will Shiozaki use GPIF’s clout to see off cross shareholdings?

The surprise appointment of Yasuhisa Shiozaki as Minster of Health, Labour & Welfare, and thus the man with oversight of the Government Pension Investment Fund, announced on 3 September as part of a cabinet reshuffle, has been trumpted for its … Continue reading

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Government Pension Investment Fund closer to 20% in stocks

The Government Pension Investment Fund closed the first quarter of the 2014-15 financial year on 30 June with 47.63% of its portfolio invested in the Japanese bond market compared with 49.01% three months earlier. The giant vehicle’s holdings of FILP … Continue reading

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