Monthly Archives: March 2016

Maturities of JGB holdings key to institutions’ asset allocations

Update:  Soon after the posting below was published Takashi Oyamada, incoming president of Bank of Tokyo-Mitsubishi UFJ, told Bloomberg he is not optimistic JGB yields will improve in the near future and the bank will boost its holding of overseas … Continue reading

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Ozzie bonds stand to gain from negative rates in Japan – Nikko

Nikko Asset Management Australia has been awarded its first mandate by an, unnamed, institutional investor in Japan, reports the Financial Standard. Said the firm’s head of Australian fixed income, James Alexander: “Building on Nikko AM’s strong client relationships in Japan … Continue reading

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Post Insurance ties with Dai-Ichi to deliver benefits for both

TOKYO (Jiji Press)—Japan Post Insurance Co. and Dai-ichi Life Insurance Co. plan to tie up with each other in a wide range of operations including asset management and product development, informed sources said Tuesday. The two companies will make joint … Continue reading

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GPIF-managed national pension fails to meet even the basics

An article by Leo Lewis headlined Japan’s elderly turn to life of crime to ease cost of living in yesterday’s Financial Times notes that: ‘Even with a frugal diet and dirt-cheap accommodation, a single Japanese retiree with minimal savings has … Continue reading

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GPIF gets new boss as its role becomes increasingly confused

Naoki Fujiwara, chief fund manager at Shinkin Asset Management, captured a whole hinterland of anxieties when, speaking of the appointment of Norihiro Takahashi [pictured alongside] as the new president of the Government Pension Investment Fund, he told Bloomberg: “Even if … Continue reading

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Value of life insurance cos’ portfolios barely budges in 2015

The value of Japanese life insurance companies’ investment holdings rose 0.5% in the September to December quarter and are only 0.07% up for the financial year which began on 1 April. A volatile domestic stock market had meant that the … Continue reading

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Negative rates give shot in the arm to corporate bond market

Japan has never had much of a corporate bond market but that may be changing as   the introduction of negative interest rates on one type of deposit with the Bank of Japan creates an environment in which issuers can raise … Continue reading

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Japan Post Bank to select hedge funds-of-funds providers soon

Japan Post Bank is looking for hedge funds-of-funds in which to invest according to an article in US periodical Pensions & Investments on a resurgence of interest in such platforms. “The most notable first-time search running right now, according to … Continue reading

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Huge jump in number of government-related mandates last year

Mandates from government-related pension funds for the management of assets in segregated accounts at Japan’s firms climbed by 50% to 377 in 2015 while the value of assets they covered rose by just under 17% to 94,884 billion yen. Text … Continue reading

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If no March miracle GPIF must tap reserves big to pay benefits

The Government Pension Investment Fund closed its September-December quarter with assets of 139,824.9 billion yen — up 3.5% on a disastrous term three months prior but still only 1.7% up for the year. With the Nikkei 225 trading below 17,000 … Continue reading

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