Report
TOE Alert: GPIF Sses Pensioners' Money to Boost Stock Prices
posted by Richard Katz on March 05, 2015
Report Cover
Headline
More evidence is needed to verify the criticism that today’s high share prices are the result of a “government controlled market” created by GPIF money, but it is not an absurd conclusion to reach.
Abstract
The stock monitor in Prime Minister Shinzo Abe’s office is just one of the indicators of the degree to which he sees rising stock prices as pivotal to approval ratings. In the past, he has used “jawboning” to try to raise stock prices. Now, he is using the money of Japan’s retirees and soon-to-be retirees.