Monthly Archives: September 2017

Pension Fund Association returns pull out of a nasty downturn

The year ending 31 March 2017 brought better times the Pension Fund  Association’s portfolio which closed the term up 5.96% with assets of 132.26 trillion yen, the PFA’s just-published preliminary annual report shows. The Association manages the world’s 26th biggest pool … Continue reading

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Banks’ securities investment portfolios contract by over 9%

Banks’ securities investment portfolios were worth 9.4% less at 31 March 2017 than a year earlier, according to figures from the Japanese Bankers Association. The drop follows a 6% decline in the 2015/16 year (see archive 2016/1o/10 Japanese banks’ securities … Continue reading

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Moves on pension obligations could spur corporate investment

The Financial Services Authority is looking to revise the accounting treatment of impairment losses from pension benefit obligations (PBO) and deferred tax assets, according to an article in the Nikkei. The FSA hopes to have the new requirements in place by … Continue reading

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Life cos’ allocations steady, Post supposedly set for change

The assets of Japan’s giant life companies hit yet another record on 30 June, the end of the first quarter of the financial year, when they reached 377,700 billion yen, a 0.6% rise on three months earlier and 2.9% up … Continue reading

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Regional banks see difficult second half investment conditions

A survey of 11 regional banks conducted last month by Bloomberg found them “turning toward private equity, hedge funds and real estate in search of higher returns” with five favouring so-called alternatives and three foreign bonds. Asset allocation will become … Continue reading

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Banks & insurers built on sokanji business as powerful as ever

The mere 1% decline in the number of pension funds using the sokanji services of trust banks and life cos in the year ended 31 March shows just how resilient a business can be – even during decades of great … Continue reading

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