JAPAN - Electronics giant Hitachi will contribute stock to a newly established employee retirement benefit trust, in a move to improve its pension financing and increase its utilisation of financial assets.
The amount of assets in the trust now stands at JPY42bn (US$421m). As a result Hitachi will post a gain on the sale of stocks of JPY21bn for period ending 31 March 2008 on a consolidated basis due to the...
Four executives of AIJ Investment Advisors have been arrested in an alleged fraud relating to missing pension fund money.
Recently released year-end results show assets under management for Japanese asset managers were down 12% in the year ended March 31, as Gavin Blair reports
CANADA/JAPAN - The Canada Pension Plan Investment Board (CPPIB) and Global Logistic Properties (GLP) have formed a joint venture to invest in the country's logistics network.
JAPAN - Japan's public pension fund scraped a small return on its investments in the second quarter after its assets fell by $33bn, its latest report shows.
JAPAN - The implementation of new accounting rules that would have forced companies to book pension fund shortfalls as liabilities on their balance sheets is to be postponed, according to reports.