Monthly Archives: February 2015

Returns well up at GPIF, transparency down (a bit)

The Government Pension Investment Fund ended the third quarter on 31 December 2014 with an asset allocation measurably different from that three months earlier. A move out of government debt and into domestic and foreign stocks came just as equity … Continue reading

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Quelle non-surprise!

The Federation of National Public Service Personnel Mutual Aid Associations, known by its Japanese acronym KKR, will from October slash the weighting of Japanese bonds in its 7.6tr yen portfolio from 74% to 35%. It will also increase its allocation … Continue reading

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Spending on foreign acquisitions reaches a record 8.9tr yen

Japanese companies bought a record 557 foreign firms last year spending 5.77 trillion yen to do so, according to the Nikkei citing mergers and acquisitions advisor Recof Corp. In 2013 they bought 499 for 5.27tr yen. At home too the … Continue reading

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Post Bank to move into equities, beefs up asset management

Under the headline ‘Japan Post seeking big payouts via risky investments’ today’s Nikkei reported that this unit of the soon-to-quoted Japan Post Group will ‘as early as the summer’ set up a department ‘devoted to managing risk assets.  It will … Continue reading

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World pension assets continue to climb – new thinking needed

The defined-benefit pension assets of the top six nations with this type of retirement scheme rose 7.15% to US$17.5 trillion in 2014, the latest edition of Towers Watson’s annual study reports. With DB pension reserves of US$9,289 billion the United … Continue reading

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Common sense breaks out among Tokyo stocks commentators

When the Nikkei reported yesterday that two ‘whales’ are making ‘big splashes’ in the Tokyo stock market, it ended its story by quoting Masataka Kurita of Okasan Securities: ‘This goes to show how thin the market is, with the absence … Continue reading

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Piketty looks at Nippon and suggests it might be different

For of a video of the Nikkei’s 2 February 2015 interview with Thomas Piketty, author of Capital in the Twenty-First Century, on Japan’s economy and the need ‘to increase the number of babies’ go here.

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GPIF awards mandates, seeks to improve public relations

The Government Investment Fund this week announced the award of four active investment mandates and advertised for it first-even public relations officer. Schroder Investment Management (Japan), which has long had an office in Tokyo, received a mandate to actively manage … Continue reading

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