Japan's Government Pension Investment Fund, the world's No. 1 manager of retirement savings, doesn't need to adjust its holdings to meet new asset allocation targets announced earlier this month, according to President Takahiro Mitani.
GPIF, which oversaw about 112 trillion yen ($1.15 trillion) at Dec. 31, won't be discussing further changes to its portfolio this year, Mitani said in an interview in Tokyo today. The fund said June 7 it is cutting its target allocation for Japanese government bonds to 60 percent from 67 percent, while the weight of foreign and local shares will rise to 12 percent each, from 9 percent and 11 percent respectively.
The GPIF, which didn't alter the structure of its holdings during the worst global financial crisis in 80 years or in response to Japan's 2011 earthquake and nuclear disaster, is making changes as Prime Minister Shinzo Abe and the central bank pledge to achieve 2 percent inflation in two years, which will erode the value of domestic bond holdings. The target allocations announced this month are close to what the fund already holds, Mitani said.
A British couple who tied the knot at a Kyoto shrine have become the first to receive a memorial marriage certificate from the city, under a newly created program to attract more foreign visitors. (Asahi)
Investigators have found 7.85 million passwords, credit card numbers and other pieces of stolen personal information on an Internet server seized last year from a Tokyo-based firm that provided proxy servers for Chinese users, Tokyo police said Friday. (Japan Times)
Time magazine has named two Japanese among its list of the world's 100 most influential people of 2015: novelist Haruki Murakami and Marie Kondo, an organizing consultant whose book introducing her art of tidying up became a best-seller. (NHK)
Police in Tatebayashi, Gunma Prefecture, are investigating the murder of an 84-year-old woman whose body was found in the Tatara River on April 15. She had a plastic bag over her head and a scarf pulled tightly around her neck when she was found. (Japan Today)
A movie by Japanese director Hirokazu Kore-eda has been shortlisted in competition for best picture at the Cannes International Film Festival in France. Cannes is one of the world's 3 major film festivals. (NHK)
Police in Toride, Ibaraki Prefecture, said Thursday they are questioning a 36-year-old man over an incident on Wednesday morning in which a 47-year-old man was shot in the calf by an arrow from a crossbow as he was riding his bike home. (Japan Today)
The Tokyo Metropolitan Fire Department said Wednesday that its emergency 119 line was down for about four hours from 5 p.m. to 9 p.m. on Tuesday. It was the second time in two months that the 119 had been inaccessible. (Japan Today)