Euro spins new Japan-style pensions doom loop
News On Japan via Reuters -- Jun 21
Take some pity on the pension fund managers of northern Europe.
They're not facing deep cuts in their own pensions like retirees in Greece, but they are struggling to cope with an unprecedented drop in interest rates as investors flee weak euro zone countries and pile into safe-haven bonds.
Spooked by the euro crisis, investors are so concerned about the return of their money, rather than the return on their money, that Denmark has become the latest country to be paid for issuing debt.
A sale on Tuesday of 2-year notes DK3YT=RR produced a negative yield of 0.08 percent. Denmark, which is not a member of the euro, last month sold inflation-linked paper at a negative yield, but this was a first for an auction of debt bearing a nominal coupon.
|| China cracks down on over-the-top anti-Japan dramas |
| || China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. (Reuters ) |
|| Man kills 3 family members, then himself |
| || Police said Friday they have found four dead bodies in an apartment in Kashiwa, Chiba Prefecture, in what is believed to have been a family murder-suicide. (Japan Today ) |
|| Chinese tourists a bane for Japanese hookers |
| || Shukan Post (May 24) conveys the difficulties experienced by other parts of the adult-entertainment biz in servicing customers from the communist nation.
A deri heru (“delivery health”) call-girl tells the tabloid that she is often requested to arrive at major hotels in the Shinjuku and Ikebukuro entertainment areas of Tokyo by Chinese visitors. (Tokyo Reporter) |
|| 6 dead in freighter fire at Wakkanai |
| || Six sailors were found dead after a fire on a foreign freighter docked at a port in Hokkaido, northern Japan.
The sailors are presumed to be Russians. (NHK ) |
|| Employee of real estate company stabbed in Tokyo |
| || Police on Friday said that a real estate company employee was stabbed by an unknown assailant in the lobby of an office building near JR Akihabara station. The man is currently in a serious condition in hospital. (Japan Today ) |