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 ...
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 ...
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, ...
The bond risk of ANA Holdings Inc. rose the most of any company in Japan as the spread of Ebola to two health workers in the U.S. rekindled memories of the severe acute respiratory syndrome (SARS) epidemic in 2002 and 2003. The cost to ...
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 ...
A plunge in U.S. stocks deepened in afternoon trading Wednesday, sending the Dow Jones industrial average down more than 400 points and putting the index on track for its biggest loss in more than a year. The decline came as investor fears of a ...
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 ...
The Government Pension Investment Fund posted a ¥2.224 trillion return on investment from April to June, logging its first profit in two quarters, officials of the mammoth entity reported. The results reflected solid showings from the fund’s stock investments at home and abroad, the ...
Mori Building Co. sold its longest bond ever as Japan’s biggest closely held developer plans ¥1 trillion ($9.8 billion) in projects in the decade that will include the 2020 Tokyo Olympics. The company, whose Roppongi Hills complex houses Goldman Sachs Group Inc. and Apple ...
As the world’s biggest pension manager moves closer to putting more money in risky assets, the ruling Liberal Democratic Party’s deputy policy chief says the fund needs to change its governance first. Japan should submit a bill in the next Diet session to overhaul ...
The Nuclear Regulation Authority is moving toward the first reactor restart under its new safety requirements since the Fukushima disaster started, giving impetus to bond sales by utilities as borrowing costs plunge. The regulator may submit a safety report on two reactors at Kyushu ...
Bank of Japan officials are considering maintaining a large balance sheet for the central bank even after it achieves its inflation target, reducing the risk of a surge in long-term bond yields, sources said. Under the potential strategy, the BOJ would use cash from ...
