Japan government pension fund says holdings close to new targets
Bloomberg -- Jun 22

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.

News source: Bloomberg

Apr 19 Radiation exposure estimate for returnees released
The Japanese government on Friday issued estimates of how much radiation residents would be exposed if they return to their homes near the crippled Fukushima Daiichi nuclear power plant. (NHK )
Apr 19 Japan to continue whaling in Pacific
Japan will go ahead with research whaling in the northwestern Pacific for fiscal 2014, but by reducing catches following an International Court of Justice ruling that ordered the country to stop whaling in the Antarctic Ocean, the Agriculture, Forestry and Fisheries Ministry said Friday. (The Japan News )
Apr 19 Male cross-dresser arrested for assaulting 3 elementary school students
Kanagawa prefectural police said Friday they have arrested an unemployed 42-year-old man on assault charges for allegedly attacked a 10-year-old elementary school boy and two others as they were playing in Yokosuka City in February of this year. (Japan Today )
Apr 19 Japan, U.S. fail to narrow differences in TPP talks
Japan and the United States ended their three-day ministerial talks in Washington on Friday on the Trans-Pacific Partnership multilateral free trade initiative, being unable to narrow differences over Japanese tariffs in key farm product categories. (Jiji Press )
Apr 18 Bird fu in Japan has same virus type as S. Korea flu
Japan's farm ministry said Thursday that the highly pathogenic avian influenza found at a poultry farm in the southwestern Japan prefecture of Kumamoto has been confirmed to be the H5N8 subtype, the same virus strain as the bird flu found in South Korea. (Jiji Press )
Apr 19 Murakami's new book hits shelves amid fan frenzy; more ordered
Haruki Murakami's first collection of short stories in nine years hit store shelves in Japan on Friday with excited fans lining up for the midnight launch. (Japan Times )
Apr 19 Japan virtual star Hatsune Miku to join Lady Gaga tour
Hatsune Miku, a computer-generated Japanese pop star who performs as a hologram, is to support some of Lady Gaga's tour of North America next month, the U.S. songstress has announced on Twitter. (Japan Today )
Apr 18 Police officer arrested for sexually assaulting woman on train
A police officer has been arrested for assaulting a woman on a train car in Tokyo. Police identified the suspect as Akira Inada, 53, who works at the Ushigome Station. (Japan Today )
Apr 18 Homemaker joins Japan girl band AKB48
Japanese commercial music juggernaut AKB48 has added a 37-year-old mother of two to the wildly popular all-girl group as it looks to broaden the appeal of its teen-dominated line-up. (AFP )
Apr 18 Imperial couple hosts spring garden party
Japan's Emperor and Empress have hosted more than 2,000 guests at their Spring Imperial Garden Party. (NHK )
Apr 18 Man jumps to death from 8th floor of Foreign Ministry building
An employee of the Foreign Ministry jumped to his death from the 8th floor at the ministry, police said Thursday. (Japan Today )
Apr 17 Man in his 30s being questioned over murder of 7-year-old girl in 2005
Tochigi prefectural police said Thursday that they are questioning a man in his 30s over the murder of a 7-year-old girl in December 2005. Japanese media quoted police as saying that the man, who was arrested for dealing in fake brand-name goods, has hinted at his involvement in the murder. (Japan Today )
Apr 17 6-year-old boy dead, 3-year-old girl in coma after being swept away in river
A 6-year-old boy died and a 3-year-old girl remains in a coma after they were swept away by a strong current in a river in Koriyama, Fukushima Prefecture, on Wednesday afternoon. (Japan Today )
Apr 17 Spectacular snow walls
People enjoy viewing the 15-meter snow walls of the Yuki no Otani (Great Snow Valley), along the Tateyama Kurobe Alpine Route that passes through the Northern Japan Alps to link Toyama and Nagano prefectures. (The Japan News )
Apr 17 24-year-old man arrested for robbing convenience store
Police in Tokyo said Wednesday they have arrested an unemployed 24-year-old man for robbing a convenience store in Shibuya. (Japan Today )