Report

TOE Alert: GPIF Sses Pensioners' Money to Boost Stock Prices

posted by Richard Katz on March 05, 2015

Found in Japan, categorized in Politics

Tags: TOE Richard Katz Abe pension GPIF

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.

About Richard Katz

Richard Katz

Richard Katz is Editor of The Oriental Economist Report, a monthly newsletter on Japan, as well as the semi-weekly TOE Alert e-mail service on Japan, and is also a special correspondent at Weekly Toyo Keizai, a leading Japanese business weekly.

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