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.
Japan will face a fiscal crisis in about a decade unless the nation undertakes fiscal consolidation in the “medium term,” according to Takatoshi Ito, a University of Tokyo professor and former member of the prime minister’s council of economic and fiscal policy.
Kazutaka Kikawada ran track and field at Fukushima’s Yamafunyu Elementary School before becoming the local boy made good, attending the elite University of Tokyo and carving out a career that made him president of Tokyo Electric Power Co.
A member of the investment committee for Japan’s government pension fund, the world’s biggest retirement savings pool, opposed the purchase of inflation- linked bonds, minutes of the group’s meeting last month show.
NSK Ltd., a supplier of bearings to wind turbine makers such as Vestas Wind Systems A/S and Mitsubishi Heavy Industries Ltd., is seeking to more than triple its market share as renewable energy use expands.
July 10 (Bloomberg) -- Janken, the unbeatable Rock, Paper, Scissors robot from the Ishikawa Laboratory at the University of Tokyo, has a secret weapon. How can it predict a human's next move? Video courtesy University of Tokyo. (Source: Bloomberg)
Dismissed as a “nobody” by Japan’s nuclear industry, seismologist Katsuhiko Ishibashi spent two decades watching his predictions of disaster come true: First in the 1995 Kobe earthquake and then at Fukushima. He says the government still doesn’t get it.
Japan, the world’s largest pork importer and Asia’s biggest buyer of beef, may agree to remove duties on meat after joining U.S.-led trade talks this month, a former adviser to Prime Minister Shinzo Abe said.