Category Archives: Articles

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 supossedly 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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Pooled accounts business shrinks again as segregated grows

Most of the trust banks and life insurance cos managing money for pension funds in pooled accounts saw that business shrink in the year ending 31 March although both Mizuho Trust & Banking and Meiji Yasuda Life saw gains as … Continue reading

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Asset Management One leads pensions-business league

With 24.1 trillion yen in mandates from company and public-sector retirement schemes, newly formed Asset Management One became the country’s top manager of segregated Japanese pensions mandates in the year ending 31 March, figures from the Japan Investment Management Association show. … Continue reading

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MS&AD follows Nippon, Dai-ichi and Sony life cos into Australia

MS&AD Insurance Group Holdings is to pay 44 billion yen to acquire 6.3% of Australia’s Challenger Ltd, a provider of retirement-focused insurance and asset management services and a leading player in the country’s superannuation sector. The development follows Nippon Life’s … Continue reading

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Postal institutions keep asset allocation steady in Q1 2017/18

The asset allocations in the portfolios both Japan Post Insurance and Japan Post Bank barely budged in April-June their reports for the first quarter of the 2017/18 financial year show. At Post Insurance over half the portfolio remained in Japanese … Continue reading

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GPIF asset allocation: so far so good, what next?

The Government Pension Investment Fund has published both its investment results for the first quarter of the 2017-18 financial year, showing a 3.54% gain in the term, and the full version of its 2016-17 annual report.  The small shifts in … Continue reading

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