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Japan’s public pension fund lost a record 10.17 trillion yen in fiscal 2008

August 6, 2009
By Ken Worsley


In fiscal 2006 and 2007, Japan’s public pension system managed to log losses. In FY2007, the fund earned money on government bonds, but lost a whopping 7.5 trillion in in equities positions. The total FY2007 loss, 5.65 trillion yen, was the largest on record. Until fiscal 2008.

Yesterday it was announced that the public pension fund lost 10.17 trillion yen in FY2008. This was the third straight year in which the fund has lost money. According to the a report from the Ministry of Health, Labour and Welfare, The fund experienced a 0.9% increase in revenue due to premium rises, while pension payouts increased by 2.7%.

Thus, the fund itself saw a rise in payouts that outstripped the increase in premiums, while losing 10.17 trillion yen at the same time.

Are the manifestos of either political party valid at this point?

Filed Under Finance 

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Comments

3 Responses to “Japan’s public pension fund lost a record 10.17 trillion yen in fiscal 2008”

  1. Scott Peterson on September 5th, 2009 1:40 am

    Thanks for reporting this. I hadn’t seen anything regarding this particular problem. It would be very interesting to see their portfolio breakdown between domestic and foreign equities.

  2. Japanese public pension fund = bagholder « Wasatch Economics on September 5th, 2009 1:44 am

    […] fund = bagholder Posted in Uncategorized by Kung.Fu.Panda on September 4, 2009 Ken Worsley reports […]

  3. J on March 9th, 2010 7:52 pm

    that is special…losing that much money…but don’t worry, nobody will be fired, MAYBE demoted but probably not

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