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May 07, 2024
 

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PENSION 2

EDITORIALS
Jun 10, 2015
Protecting pension data
The Japan Pension Service must offer a clear explanation on how it failed to prevent the hacking of its computer system, which resulted in a massive leak of personal data.
JAPAN / Crime & Legal
Jun 4, 2015
Pension hack data was transmitted for days
The Japan Pension Service, which is reeling from the theft of a massive amount of personal data, has discovered two of its personal computers continued to transmit data outside the organization for three days after it contacted police about a possible security breach, sources close to the matter said Thursday.
JAPAN / Crime & Legal
Jun 4, 2015
100 virus-laden emails were sent to undisclosed addresses of pension body staff
None of the email addresses had been disclosed to the public, and there is a chance they were obtained by hackers who had previously attacked the organization's computer network.
JAPAN / Crime & Legal
Jun 3, 2015
Elderly women get suspicious calls possibly linked to pension info hack; inquiries top 158,000
Metropolitan Police Department said they confirmed two cases of suspicious calls made to elderly women in Tokyo Tuesday predending to be an official of the Japan Pension Service, according to media reports.
Japan Times
JAPAN / Society
Jun 2, 2015
Japan Pension Service hack used classic attack method
The massive leak last month of personal data from the Japan Pension Service was the result of a simple error by its employees: opening a virus-laced email attachment disguised as a health ministry document.
JAPAN
Jun 2, 2015
Abe team moves to limit political damage from pension hack
Hoping to minimize the political damage from the latest pension system scandal, Chief Cabinet Secretary Yoshihide Suga admonishes the Japan Pension Service and announces that a team will be set up to probe the massive theft of pension data.
JAPAN / Society
Jun 2, 2015
Pension system hack sparks worries over My Number initiative
The revelation that the nation's pension system has been hacked on an unprecedented scale may affect ongoing Diet deliberations on a bill to assign citizens individual numbers to improve social security management.
JAPAN
May 11, 2015
Welfare ministry let regional disability pension screening discrepancies slide for three years
The welfare ministry neglected to act on a huge regional discrepancy in screening policies for disability pensions for three years after becoming aware of the problem in 2011, government documents show.
Japan Times
BUSINESS / Economy
Apr 25, 2015
Cash shortfall among the elderly could push Japan over the edge
Last summer the welfare ministry reported that a record number of households were receiving government assistance, and 47.1 percent of these households were made up of either elderly people only or the elderly and unmarried family members under 18. The media has been reporting for years that an increasing number of seniors are joining the welfare rolls. National pensions were never meant to cover every retiree's living expenses, but it's obvious that many are not prepared for their old age.
BUSINESS
Apr 24, 2015
GPIF to add second executive managing director
A law was enacted Friday to increase the number of executive managing directors at Japan's Government Pension Investment Fund from one to two, to strengthen the organization of the giant public pension fund.
JAPAN
Mar 31, 2015
Households to face heavier burdens due to tax, pension system change
Households in Japan will face more financial burdens from Wednesday, the start of the new fiscal year, due to changes in car taxation rules, reduced pension payments and price hikes on food and other items.
Japan Times
JAPAN / Media / MEDIA MIX
Jan 31, 2015
Goverment's pension manga displays some pretty old values
On Jan. 12, people who will turn 20 this year attended ceremonies marking Coming-of-Age Day at auditoriums run by local governments. Some wore outrageous getups as final statements of youthful folly before "entering society" and some exercised their entitlement by getting drunk and acting out, but most bore their new status somberly and sat quietly through the boring, edifying speeches. Apparently, many even paid attention to the bureaucrats on hand whose purpose was to explain their coming responsibilities.
BUSINESS / Economy
Jan 6, 2015
GPIF seeks fund managers to meet new investment targets
The Government Pension Investment Fund may use a private seminar next month to inform potential job applicants as part of its efforts to recruit professional money managers to the world's largest investor of retirement savings.
Japan Times
BUSINESS
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.
BUSINESS / Markets
Nov 27, 2014
GPIF must add stocks to complement 'Abenomics' boost, research head says
The massive Government Pension Investment Fund must be ready to buy more stocks should Prime Minister Shinzo Abe's policies succeed in reviving the economy, according to its head of research.
BUSINESS / Economy
Nov 25, 2014
GPIF assets swell to record ¥130.9 trillion in September
Japan's giant public pension fund said Tuesday its total assets swelled to a record ¥130.9 trillion as of Sept. 30, increasing by ¥3.62 trillion over the three months from July.
Japan Times
JAPAN / EXPLAINER
Nov 3, 2014
GPIF investment shift could bring either bonanza or bust
Friday's announcement of changes to the massive ¥127 trillion public pension fund's investment policy was headline news.
Japan Times
BUSINESS / Economy
Oct 17, 2014
GPIF would be 'stupid' to give asset goals first, Ito says
The governmental ¥128 trillion retirement fund would be "stupid" to announce its new investment strategy before adjusting asset allocations, says Takatoshi Ito, a top adviser to the Abe administration on overhauling public pensions.
BUSINESS / Economy
Sep 4, 2014
Yen to weaken after pension fund reforms, panel adviser Takatoshi Ito says
The yen will weaken as the Government Pension Investment Fund moves to become more competitive, according to Takatoshi Ito, who led a panel advising the Abe administration on overhauling the system.
EDITORIALS
Aug 25, 2014
Difficult time for pensioners
Pensioners' lives are likely to become even more severe in fiscal 2015 as scheduled increases in pension payments track lower than the rise in general prices.
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
Japan says Biden's description of nation as xenophobic is 'unfortunate'
The National Diet building in Tokyo
Tokuryū, a new crime menace in Japan, emerges from the shadows
The National Police Agency coined the term "tokuryū" to classify individuals involved in dark part time jobs and quasi-gangsters, using the words "tokumei" (anonymous) and "ryūdo" (fluid) to reflect their characteristics.
Is Modi’s party heading for a stunning election loss?
Indian Prime Minister Narendra Modi's campaign tactics have escalated, including anti-Muslim rhetoric and fearmongering, reflecting his ruling party's desperation.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.
Japan’s tween skateboarders get head start on preparations for 2028 Olympics
Ibuki Matsumoto competes at an event in Osaka on April 21.
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.
Debate on constitutional revision at a standstill despite Kishida's pledges
With less than two months left before the conclusion of the current session of parliament, any possibility that Prime Minister Fumio Kishida can deliver constitutional reform before the end of his term as Liberal Democratic Party president in late September, as he has promised, appears remote.
Sapporo court ruling on Ainu fishing rights presents tough questions
A traditional Ainu preserved food called <i>satchep</i> (dried fish) being made at the government-run National Ainu Museum and Park, nicknamed Upopoy, in the town of Shiraoi, Hokkaido, on Dec. 25. The Sapporo District Court ruled last month that the Raporo Ainu Nation's rights as an Indigenous people did not extend to having an inherent right to fish for commercial reasons.

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