Monthly Archives: April 2016

Policymakers seek to increase immigration by stealth

‘Desperately seeking an antidote to a rapidly ageing population, Japanese policymakers are exploring ways to bring in more foreign workers without calling it an “immigration policy”‘, according to a Reuters story published today. © 2016 Japan Pensions Industry Database/Jo McBride. … Continue reading

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More (and more still) on life insurers’ future asset allocations

Post Insurance, the sector giant which did not feature in Reuters’ roundup of other Japanese life insurers’ asset allocation intentions for 2016/17 published yesterday (see below), is today the focus of a separate article headlined Japan Post Insurance to boost … Continue reading

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Life insurers’ foreign bond holdings set for steady climb

Reuters’ just-published roundup of the asset allocation intentions of Japan’s biggest life insurers in the financial year which began on 1 April is reproduced below while the intriguing  assumptions the  plans are based on appear at the left. Life cos … Continue reading

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GPIF president Norihiro Takahashi hedges his bets on hedging

‘Japan’s Government Pension Investment Fund, having taken few safeguards against foreign exchange risk, is adopting currency hedging to contend with an appreciating yen, President Norihiro Takahashi told the Nikkei on Monday’ as that newspaper reported under the headline ‘GPIF to … Continue reading

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Japan’s stock market increasingly held by state agencies

In a brilliant piece of delving+deduction Bloomberg shows how the Bank of Japan’s buying of ETFs as part of its quantitative easing programme is putting it among the country’s largest shareholders. ‘At an estimated 8.6 trillion yen as of March, … Continue reading

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GPIF appoints State Street Trust as alternatives custodian

According to an announcement from the Government Pension Investment Fund, State Street Trust and Banking Co Ltd has been appointed ‘a’ custodian for its investments in alternative assets. Recent data from the Fund show that in the year ending 31 … Continue reading

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Feint signals that sokanji may be looking at a different future

Meiji Yasuda Life Insurance has stopped accepting money from new corporate clients for [their] defined-benefit pension funds as the Bank of Japan’s negative interest rates hinder money management focused on long-term Japanese government bonds’, according to the Nikkei. If correct, … Continue reading

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Prudential Investment Management bigs up its future in Japan

‘Prudential’s money chief sees trillions of yen in asset growth’ according to a recent Bloomberg story which quotes ‘David Hunt, the chief executive officer of PGIM, the new name for Prudential’s asset management business’ as wanting to continue boosting the … Continue reading

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A.M.Best sees little likelihood of life cos dumping JGBs soon

More expert commentary, this time from insurance ratings firm A.M.Best, gives the lie to the popular line in the generalist press that life insurers are dumping their holdings of Japan Government Bonds in favour of foreign equities and higher yielding … Continue reading

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GPIF seeks passive and active foreign equities managers

GPIF is looking for active and passive managers of non-Japanese equities to perform against the following benchmarks: MSCI‐ACWI – ex Japan, yen based MSCI‐KOKUSAI – yen based MSCI-Emerging markets – yen based Other regional benchmarks  – yen based Any other … Continue reading

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