Monthly Archives: October 2016

Post Insurance asset management plans need more maturity

Japan Post Insurance plans to “start inhouse stock investment soon” according to interviews with two of its executives done as part of Reuters’ semi-annual round up of Japanese life cos’ asset-allocation intentions. Tomoaki Nara and Ryosuke Fukushime, both described as … Continue reading

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Institutional investors asked to join 200bn yen turnaround fund

Insurance companies and pension funds are being invited to join with subsidiaries of the three megabanks and the Development Bank of Japan in establishing a 200 billion yen fund “to help foundering companies get back on their feet”, according to a … Continue reading

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Poor commitment to Stewardship Code a blow for Abenomics

Only one ‘non-financial’ firm has signed up to Japan’s Stewardship Code since it was launched in April 2014 according to a report in the Financial Times which quotes no sources. The lack of enthusiasm is yet another setback to expectations … Continue reading

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Pooled pensions biz holds up slightly better than segregated

Life insurers have slightly increased both their share of the market in managing corporate defined-benefit pensions in pooled accounts and the amounts under management —  despite declines in the business overall. At the close of the financial year on 31 March … Continue reading

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Okayama Prefecture Machinery & Metal Industry goes abroad

“Yoshisuke Kiguchi, who manages a retirement-savings pool less than 1/2 a percent the size of Japan’s giant state pension fund [GPIF], says he beats the so-called Tokyo whale by avoiding sovereign bonds and putting almost all the money he manages … Continue reading

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Japanese banks’ securities portfolios shrank over 6% last year

The impact of negative interest rates on financial asset pricing cut the value of Japanese banks’ securities holdings by 6.6% in the year ending 31 March 2016 to well below 250 trillion yen – levels not seen since 2010. Having … Continue reading

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New asset manager debuts with little fanfare but loads of loot

Henderson, the London-based Australian-listed fund management firm, agreed yesterday to buy Janus Capital of the US so creating an entity with US$320 billion in its stewardship. The move garnered many multiple-byline stories in the investment media. Most of them attempted … Continue reading

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