Dec 18, 2014

Next year's budget expected to hit record ¥98 trillion

The general account budget for fiscal 2015 is likely to reach a record high of about ¥98 trillion, exceeding the ¥95.9 trillion initial budget for this year, Finance Ministry sources said. With Prime Minister Shinzo Abe eager to shore up the flagging economy, policy ...

Nov 26, 2014

BOJ's assets hit record high in September on aggressive easing

The Bank of Japan said Wednesday its total assets stood at a record ¥277.10 trillion ($2.35 trillion) at the end of September, as the central bank continued its massive asset purchases from financial institutions to boost the economy. The assets, mainly Japanese government bonds, ...

Oct 20, 2014

GPIF to boost share allocation to about 25%, Nikkei reports

Japan’s $1.2 trillion retirement fund will increase its allocation target for shares to about 25 percent from 12 percent, the Nikkei newspaper reported without attribution. The Government Pension Investment Fund will also boost its holdings of foreign bonds and stocks to about a combined ...

'Bond king' Gross leaves Pimco

Sep 27, 2014

'Bond king' Gross leaves Pimco

Bill Gross, the bond market’s most renowned investor, quit Pimco for distant rival Janus Capital Group Inc. on Friday, the day before he was expected to be fired from the huge investment firm he co-founded more than 40 years ago. Gross, 70, had been ...