Megabank dividends lure funds from bonds

Business / Financial Markets 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 2.22 ...

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

Business 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 an ...

Business Oct 2, 2014

$617 billion 'fat finger' error raises concern over Tokyo trading controls

The unleashing of ¥67.78 trillion ($617 billion) of mistaken stock orders in Japan is reviving concern about the accountability of brokers overseeing trades in the world's second-biggest equity market. While the orders were canceled before being executed, averting losses for whoever placed them, they highlight ...

Investors still waiting for stock binge from GPIF

Business / Financial Markets 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 as ...

Business / Economy 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 Pension ...