Monthly Archives: April 2015

Life cos look to boost overseas investments on weaker yen

Reuters’ annual poll of life insurers’ investment intentions (summarised in the tables below) finds the companies looking to reduce their Japanese bond holdings while boosting allocations to overseas debt and slightly increasing or keeping steady those to domestic equities. Published … Continue reading

Posted in Articles | Leave a comment

Population smaller and older than ever, will accept immigrants

The population continued what the Asahi newspaper calls its “inexorable slide” in 2014 with figures published by the Ministry of Internal Affairs and Communications earlier this week showing the total falling to 127.08 million, almost the same level as 2001. … Continue reading

Posted in Articles | Leave a comment

Great yield hunt bags CLOs, foreign property and drugs stocks

As the world and the Wall Street Journal continue to give way too much significance to Japan ‘overtaking’ China as the largest foreign holder of US treasuries, Japanese institutional investors and asset management intermediaries are adding other yield-producing items to … Continue reading

Posted in Articles | Leave a comment

GPIF to bring more asset management in house, set up register

The Government Pension Investment Fund will this year begin to ‘balance’ its passive investments with actively managed holdings, according a report in the Nikkei which gives no source for the information. The move is said to be part of the … Continue reading

Posted in Articles | Leave a comment

Company pensions see second year of double-digit returns

Defined-benefit corporate pensions enjoyed their second successive year of high investment returns in the 12 months to 31 March 2014, according to the latest annual rankings by plan assets by Nenkin Joho. The fortnightly newsletter’s numbers show many schemes enjoying yields in double figures … Continue reading

Posted in Articles | Leave a comment

GPIF adds to private equity and real assets capabilities

The Government Pension Investment Fund is looking for trustees/administrators to act as guardians of its investment in such assets as private equity, infrastructure and real estate.  Candidate firms will need to possess a Japanese trust banking licence. Application forms are … Continue reading

Posted in Articles | Leave a comment

Nikkei newspaper wakes up Government’s role in stock market

In a refreshing bout of realism the Nikkei is nudging it readers towards recognising the Japanese Government’s huge role in the Tokyo stock market and its very considerable pricing power. In Public funds playing key role in propping up market … Continue reading

Posted in Articles | Leave a comment

Three firms awarded GPIF transition management mandates

BlackRock, Nomura and Russell have been awarded transition management mandates by the Government Pension Investment Fund. Contracts to handle domestic equities have been received by  Nomura Asset Management and by BlackRock Japan Co Ltd (with BlackRock Asset Management North Asia … Continue reading

Posted in Articles | Leave a comment