politics

Japan's Y111 tril pension fund to boost share purchases

8 Comments
By ELAINE KURTENBACH

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8 Comments
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When the stock prices rise, the paper value of pension fund would be increased. The pension fund managers and stock brokers will say "See how brilliant we are? All due to our efforts, so we demand USD$100 million bonuses". Nothing will change for Japan pensioners. They would not get more pension than normal.

When the stock prices crash, the pension fund would be wiped out. The pension fund managers and stock brokers will say "Too bad, that is how the market behaves. Not my problem". Nothing will be left for Japan pensioners. They would get ZERO.

Many Japanese pensioners will commit suicide in front of the Prime Minister's office. Reply

2 ( +3 / -1 )

"a swelling number of retirees"

Back to work, you slackers, ha ha

Seriously, this is a major problem...

1 ( +1 / -0 )

So now my pension is at the mercy of the Wallstreet banksters? Mercy me!!!

1 ( +2 / -1 )

"So now my pension is at the mercy of the Wallstreet banksters? Mercy me!!!"

Isn't that "Wallstreet shysters"?

1 ( +1 / -0 )

Here is an interesting article about where we are heading:

http://seekingalpha.com/article/2625475-the-experiment-that-will-blow-up-the-world

0 ( +1 / -1 )

Very big news...not sure it's really good news, but big news.

0 ( +0 / -0 )

So now my pension is at the mercy of the Wallstreet banksters?

A part of it is also supposed to be paid for by the government, even though they have already borrowed 1,000 trillion yen's worth of money already and coptinue to spend twice as much as annual tax revenues.

I've no illusions of ever getting a pension from the Japanese government, I'm figuring this out for my family by myself.

0 ( +0 / -0 )

The Government is hell bent on dodging a crisis and as usual putting a distance between it and the on coming disaster. Leadership at its finest.

-1 ( +1 / -2 )

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