Shigeki Nozawa

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

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 ...

Jul 17, 2014

Man who named GPIF returns to fund, with new approach

The man who helped name the world’s biggest pension pool is back as one of its money managers, and says the fund’s new approach to buying stocks will rub off on other retirement investors. Under pressure to achieve higher returns, the ¥126.6 trillion Government ...

May 7, 2014

Ex-pension fund overseer urges cut in Japan stocks

The government pension fund should cut domestic stocks to diversify risk, said Seki Obata, who was dropped from the organization’s investment committee last month. The ¥128.6 trillion Government Pension Investment Fund owns too many Japanese shares considering the size of the market relative to ...

Apr 22, 2014

GPIF shakes up investment panel with Abe picks

The government pension fund overhauled its investment committee, adding three members of a state panel that urged it to cut bonds, as the balance of power shifts at the world’s biggest manager of retirement savings. Yasuhiro Yonezawa, who sat on the group handpicked by ...

Failure to up sales tax risks crash of JGBs: Sakakibara

Apr 22, 2014

Failure to up sales tax risks crash of JGBs: Sakakibara

The government should prioritize expanding its recent sales tax increase or risk an eventual collapse of sovereign bonds, former Finance Ministry official Eisuke Sakakibara said. A failure to raise the consumption levy “could trigger massive dumping” of the nation’s debt, Sakakibara said in an ...