Shigeki Nozawa

For Shigeki Nozawa's latest contributions to The Japan Times, see below:

Megabank dividends lure funds from bonds

Feb 27, 2015

Megabank dividends lure funds from bonds

As Japan’s sovereign bond yields languish near zero, the regular payouts to shareholders of the megabanks are starting to appeal to a wider group of investors. The average dividend yield of the Topix Banks Index, the payout relative to the share price, was at ...

Jan 30, 2015

BOJ doesn't need more stimulus: top-rated economist

Japan’s top-rated economist says the central bank doesn’t need more stimulus, defying the consensus. Ryutaro Kono, chief Japan economist in Tokyo at BNP Paribas SA and who was voted No. 1 by Nikkei Veritas magazine in six of the past seven years, says lower ...

Improved 'competitiveness' key to wage hikes, labor chief says

Jan 22, 2015

Improved 'competitiveness' key to wage hikes, labor chief says

Restoring industrial competitiveness is the key to fueling wage gains that the Abe government and the central bank are counting on to ensure inflation takes hold, according to labor minister Yasuhisa Shiozaki. “We have to think about why wages haven’t risen,” Shiozaki said in ...

Mitani sidelined by Abe as GPIF pension fund enters new era

Dec 24, 2014

Mitani sidelined by Abe as GPIF pension fund enters new era

When Takahiro Mitani’s term as head of the world’s largest retirement fund finishes in March, so too will the old era of Japanese pension management. The former Bank of Japan official saw his power ebb during a five-year reign at the ¥131 trillion Government ...

Sep 8, 2014

Abe recasting Cabinet cuts risk to six-year low

The Cabinet overhaul has revived failing public support for Prime Minister Shinzo Abe’s economic policies and invigorated markets that have shown more confidence in him than his predecessors. The cost to protect government debt against default slid to 34 basis points after last Wednesday’s ...

Investors still waiting for stock binge from GPIF

Sep 1, 2014

Investors still waiting for stock binge from GPIF

The world’s largest retirement fund held back from plowing into Japanese equities last quarter, its investment results signaled, even as the market rebounded in anticipation of purchases. The value of the Government Pension Investment Fund’s Japanese stocks rose 5.4 percent in the April-June period ...

Pension clones with $500 billion await GPIF's asset switch

Aug 5, 2014

Pension clones with $500 billion await GPIF's asset switch

Where the world’s biggest pension fund goes, half a trillion dollars is set to follow. Three retirement managers for Japanese civil servants and private school teachers with ¥30.4 trillion ($296 billion) will mimic the asset allocation changes being planned by the ¥126.6 trillion Government ...