Tag Archives: Life Insurance Association of Japan

Sumitomo Mitsui Trust Bank still No 1 in pooled pensions – just

Sumitomo Mitsui Trust Bank is the new number one in the 7.7 trillion yen business of managing pooled corporate pensions monies. While this was expected following the 1 April 2012 merger between the former Sumitomo Trust & Banking and Chuo … Continue reading

Posted in Articles | Tagged , , , , , | Leave a comment

Japan’s massive life companies sector hunts abroad for yield

Foreign securities accounted for 16.2% of Japanese life insurers’ portfolios at the end of the financial year on 31 March. This is the highest proportion since 2007 when overseas holdings made up 18.8% of then total assets of 206.37 trillion yen. … Continue reading

Posted in Articles | Tagged , , , , , , , , , | Leave a comment

Foreign assets up at life cos, steady at trust banks – for now

Japanese life insurance companies’ foreign securities holdings rose 21.% to 53,441 billion yen in the year to 31 December 2012, figures from their industry body show. About 50% of the gain came in the last three months. Total assets climbed over the … Continue reading

Posted in Articles | Tagged , , | Leave a comment

Insurers may be selling local equities to buy foreign stocks

“Leading life and nonlife insurers [have] plans to sell over 1 trillion yen in shares in the three years starting fiscal 2013” according a 15 February report in the Nikkei which cited no source for the forecast and provided no supporting evidence. Fiscal 2013 begins on … Continue reading

Posted in Articles | Tagged , , , , | Leave a comment

20 years on trust banks still dominate corporate pensions biz

Corporate defined-benefit pension funds are keeping over 70 trillion yen of their assets in pooled accounts at Japan’s giant trust banks and life insurance companies — three times more than the amount they have with fund management firms under specific mandates.  The … Continue reading

Posted in Articles | Tagged , , , , , , | Leave a comment

Life cos’ JGB holdings up again but peak may have passed

The unstoppable rise in life insurance companies’ holdings of Japan Government Bonds continues. Yet the pace is nothing like that suggested by rumours ahead of the Life Insurance Association of Japan’ s latest figures and the peak may have passed. … Continue reading

Posted in Articles | Tagged , , , , , | Leave a comment

Hitachi Ltd tops pension funds league at over US$7.8 billion

Hitachi Ltd’s group pension fund maintained its unassailable lead as Japan’s largest defined-benefit corporate scheme in the year ending 31 March 2011 when its assets reached 607,137 million yen (then US$7,334.6 million, now US$7,865.4 million) according to newsletter Nenkin Joho’s annual … Continue reading

Posted in Articles | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment