ANA Holdings Inc.’s victory over rival Japan Airlines Co. in bidding for international flight slots from downtown Tokyo helped the nation’s largest carrier triple the size of its first bond sale in two years.
Pressure on the Government Pension Investment Fund to buy more stocks will benefit Japan’s public as well as boost equity markets, said the head of a panel that advised on overhauling the world’s biggest retirement fund.
Japan’s Government Pension Investment Fund, the world’s largest pool of retirement savings, cut domestic bond holdings to the least since the fund’s inception in 2006 and said it will invest in infrastructure.
The world’s biggest retirement fund should put half its $1.2 trillion of assets in stocks and increase its yearly return goal to 5 percent, said the head of a panel that advised lawmakers on overhauling public pensions.
Bank of Japan policy makers trying to drive investors into riskier assets to fuel economic growth are meeting a new obstacle: a global equity rout that has driven local bonds to a record start to the year versus stocks.
You know your reputation in North Asia has hit rock bottom when a dictator who recently executed his uncle thinks you’re dangerous. Kim Jong Un’s comparison of Shinzo Abe to Adolf Hitler should prompt a moment of solemn reflection for Japan’s leader.