The world’s largest manager of retirement savings should reduce holdings of domestic bonds and create a board of directors to replace the current governance structure, an expert panel told Japan’s ruling party.
Japan surpassed the U.S. as the top- grossing market for apps in October as smartphone use surged and wireless carriers started billing customers directly for downloads from Google Inc.’s online store.
Japan will seek to make its arms industry competitive globally and beef up defense of disputed islands that have fueled tensions with China, according to drafts of a new defense plan and its first National Security Strategy.
Aflac Inc., the largest seller of supplemental health insurance, plans to add bets beyond U.S. corporate debt and Japan government bonds to its investment portfolio in 2014, Chief Financial Officer Kriss Cloninger said.
Ending radioactive water leaks along with groundwater and ocean contamination at the wrecked Fukushima nuclear plant in Japan may take more than five years, according to a report by a government advisory body.
Japan’s government retirement fund, the world’s largest, plans to invest in overseas infrastructure as it seeks to diversify its portfolio, according to two people with direct knowledge of the matter who asked not to be named because the discussions are private.