Japan - SWF predicted
Country: Japan
Summary:
It has been presumed that Japan will be planning a non-commodity fund.
News and Updates
5/7/2008
Japan should sell 80%of FX reverses to cut risk
According to Thomson Reuters, "Japan should steadily sell off 80 percent of its foreign reserves rather than set up a sovereign wealth fund to actively manage this money, said a former government official who advised then-Prime Minister Junichiro Koizumi on economic policy."
read more: Thomson Reuters
4/25/2008
Japan LDP to compile wealth fund proposals in May
According to Reuters, " A Japanese ruling party panel plans to compile proposals next month on creating a sovereign wealth fund aimed at more effectively manage government assets including part of foreign reserves, a party lawmaker said on Tuesday.
Kotaro Tamura, a key member of the Liberal Democratic Party panel studying the creation of such a fund, told a seminar that such an investment vehicle could manage some of Japan's foreign reserves, public pension funds, government-owned property and resources."
read more: Reuters
4/9/08
Japan is thinking about creating a Sovereign Wealth Fund
According to UBS Securities Japan Ltd. from Bloomberg, they state "Japan may establish a sovereign wealth fund to boost returns on some of its state assets as early as 2009.
read more: Bloomberg
2/24/08
FM Fukushiro Nukaga expresses concern over investment fund
Finance Minister Fukushiro Nukaga expressed concerns to reporters on Friday of the creation of a sovereign wealth fund, adding the utilization of aggressive strategy would be risky.
"Active management of public wealth involves high risks. So we need to thoroughly study which part of government money, for what purpose and how it will be invested before making a decision," Nukaga told reporters shortly before the Japanese Liberal Democratic Party held a panel discussion on the creation of a sovereign wealth fund.
read more: Business Week
2/21/08
Japanese Finance Minister Fukushiro Nukaga Calls for debate on Fund
On Friday, Japanese Finance Minister Fukushiro Nukaga said that the creation of a sovereign wealth fund entails a variety of high-risks and that a full debate on the topic is needed. A debate would explore the purpose and management of a possible Japanese sovereign wealth fund.
Location
Bank of Japan Head Office Tokyo
2-1-1 Nihonbashi-
Hongokucho,
Chuo-ku,Tokyo
Telephone: +81-3-3279-1111
Email: prd@info.boj.or.jp
Website
Bank of Japan
Ministry of Finance Japan
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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