Tag Archives: Financial Services Agency

Post Bank’s JGBs slip below 145 trillion yen

Japan Post Bank’s government bond holdings fell by 1.04% to 144.93 trillion yen in the financial year ending 31 March while total assets rose by 0.01% to 193.46tr yen. By contrast holdings of “other” securities rose by 24.33% to account … Continue reading

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FSA proposes plan to increase sokanji responsibilities

The Financial Services Agency is seeking public comment on its proposals to make funds’ sokanji take some responsibility for spotting malfeasance at the asset management firms they hire to invest their portfolios. According to Financial Services Minister Tadahiro Matsushita, reported in … Continue reading

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Doing due diligence with what data?

Today’s English-language Nikkei reports that two European hedge fund firms are seeking to attract more Japanese institutional customers. Such stories are common. Neither of the entities named appears on the membership lists of the Japan Securities Investment Advisors Association or … Continue reading

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Pension funds don’t know what they are doing – it’s official

Parts of this article have been amended since it was first posted on 30 March Almost 90% of staff at pension plans that are run for small companies based in the same prefecture and involved in the same business sectors … Continue reading

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200 bn yen missing from pension accounts 2: Why it happened

A lively chorus designed to ring firms’ tills and swell government departments’ budgets is accompanying the Financial Services Agency’s probe into how billions of yen in pension clients’ money comes to be missing from their accounts with AIJ Investment Advisors. … Continue reading

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200 bn yen missing from pension accounts 1: How it happened

On 24 February Japan’s Financial Services Agency ordered AIJ Investment Advisors to cease operations for one month while it investigates “possible losses” of around 200 billion yen* from the accounts of 84 pension funds representing 539,650 scheme members and 344,299 … Continue reading

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New FSA rules to make start-up fund firms at home in Japan

The Financial Services Agency plans to introduce by April ordinances making it easier for asset managers serving institutional and wealthy individuals to set up in Japan, according the [subscription only] eNikkei site which gives no source for the information.  The report claims that firms serving individuals with … Continue reading

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