Monthly Archives: November 2016

New study puts Japan’s pensions underfunding in perspective

Interesting new research from MSCI on Global Pension Underfunding Concerns shows Japan’s banks [column headed JP in the table below] to be the country’s worst-scoring sector on a measure which juxtaposes underfunded retirement-scheme liabilities with annual ‘revenues’. The study would … Continue reading

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Sokanji clients numbers dip a bit, sector leaders stay the same

The number of corporate pension funds with sokanji fell again in the year ended 31 March 2016 to reach 11,184, compared with 11,720 four years earlier, according to a recent report in Nenkin Joho, a fortnightly newsletter published by Rating … Continue reading

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Post Bank Q2: JGBs held-to-maturity fall, proceeds sent abroad

Holdings of Japanese central and local government debt at Japan Post Bank fell by 5% in the six months ending 31 September 2016 to reach 93,338.1 billion yen, accounting for 45.9% of the bank’s portfolio according to its just-released report. … Continue reading

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Bonds held to maturity weigh on Post Insurance diversification

Japan Post Insurance’s domestic stock holdings stood at 5.2 billion yen at the end of the first half of the financial year on 31 September, substantially up from 0.9bn yen six months earlier. Yet the proportion of the portfolio for … Continue reading

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AIG sells Fuji Life to Pacific Century’s FWD insurance arm

AIG has agreed to sell AIG Fuji Life, its Japanese life insurance arm, to FWD Group, a subsidiary of Pacific Century Group, for an undisclosed amount, according to a statement from the vendor. This is the second time Pacific Century … Continue reading

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Japan to 2030 with/without structural reform – stark contrast

‘The Japanese economy remains at a standstill, with deteriorating external environments added after the negative growth due to the consumption tax hike in fiscal(FY) 2014. The major factor behind the poor growth is structural problems that have not yet been … Continue reading

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GPIF joins foreign groups seeking 30%-female company boards

The Government Pension Investment Fund announced on 11 November that it has joined the 30% Club in the UK and the Thirty Percent Coalition in the US. Both organisations want to see women directors account for 30% of public companies’ … Continue reading

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FSA plans closer look at funds via change in Stewardship Code

The Financial Services Agency plans to amend the its Stewardship code to include a provision that will, from next year, require institutional shareholders to reveal how they voted on proposals which investee companies put to them., according to the Nikkei. … Continue reading

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Sumitomo Mitsui Trust top Japanese firm in world ranking

Sumitomo Mitsui Trust Holdings is the highest ranked Japanese entity in the latest edition of Willis Towers Watson’s annual league table of the world’s largest asset management firms by amounts in their stewardship, coming in 23rd with S$641,163 million at … Continue reading

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Life cos invest overseas as need for yield becomes paramount

The semi-annual round of press conferences at which life insurance companies sketch out how they might invest in the coming six months has produced its usual avalanche of media coverage with almost all of it focused on probable flows into … Continue reading

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