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.

Source: Bloomberg
Mar 27
The Korean Cultural Center, a facility of the South Korean Embassy in Tokyo, was hit by a suspected arson attack Wednesday night, sources said Thursday. (Japan Times)
Mar 27
The assembly of Tokyo's Shibuya Ward is expected to pass an ordinance next week acknowledging same-sex partnerships as equivalent to marriage, after a bill for the ordinance was approved at a committee meeting Thursday. (Jiji Press)
Mar 27
Lee Dong Cheol, 61, and an employee of his trading firm were arrested by the Kyoto, Kanagawa, Shimane and Yamaguchi prefectural police departments on Thursday for allegedly importing North Korean matsutake mushrooms under the pretense that they were Chinese ones. (The Japan News)
Mar 26
Officials at Japan's space agency have launched a rocket carrying an imaging satellite to gather intelligence for national security purposes. (NHK)
Mar 26
An expert panel of the Nuclear Regulation Authority (NRA) has concluded again that a fracture zone running just below the No. 2 reactor of the Tsuruga nuclear power plant in Fukui Prefecture is an active fault. (The Japan News)
Mar 26
Police reported a record-high 28,923 minors aged below 18 to child welfare authorities as suspected victims of child abuse in 2014, up 33.9 percent from a year earlier, the National Police Agency said Thursday. (Kyodo)
Mar 26
A five-year-old boy drowned in a pond five years after his older sister drowned in the same pond in Mitoyo, Kagawa Prefecture. (Japan Today)
Mar 25
The two names of what appears to be Japanese are on the boarding list of a Germanwings airplane that crashed in southeastern France Tuesday, according to the Japanese consulate general in Barcelona. (Jiji Press)
Mar 25
Police on Wednesday arrested a 42-year-old man in connection with the deaths of his parents, who were found fatally stabbed the day before in a factory the family ran in Takarazuka, Hyogo Prefecture. (Japan Times)
Mar 25
Convicted serial killer Kanae Kijima pulled off what Charles Manson could not: She got married while in prison. (Tokyo Reporter)
Mar 25
The Japanese government has announced the Imperial couple's travel itinerary in April. They will be visiting the Pacific Island country of Palau and paying their respects to the war dead. (NHK)
Mar 25
A plane carrying the bodies of the 3 Japanese victims of the terror attack in Tunisia has arrived in Japan. (NHK)
Mar 25
A 19-year-old youth was sentenced to between 5 and 9 years in prison Tuesday for the murder of a 15-year-old schoolgirl in Asahi, Mie Prefecture, in August 2013. (Japan Today)
Mar 24
A 14-year-old boy who had been missing since March 19 in Koga, Ibaraki Prefecture, was found unharmed on Tuesday morning. (Japan Today)
Mar 24
The depths of the ocean are very mysterious, what with all the weird fish and sea creatures, shipwrecks and maybe even sunken treasure down there. It's no wonder scuba diving is such a popular activity, since you never know just what you'll come across. (rocketnews24.com)