Japan unshackles its public pension funds

Japan is on course to completely overhaul the goals, management and governance of its public pension funds, with a view to making their stewardship of more than ¥200 trillion ($2 trillion) of assets more active, more diversified and more focused on generating higher returns. A panel established in December, shortly after Shinzo Abe took power as prime minister, yesterday (November 20) published its final report, sending its recommendations back to his cabinet. It is now up to Abe …