But other investors have been busy striking deals in Japan's residential sector, which is seen as likely to hold up better than other Asian real estate markets amid the pandemic.
We describe why each of this year's top fund managers by Asia market stood out from their peers.
With depressed domestic bond yields, Japan insurers have little choice but to allocate more into alternatives and risk assets in order to meet their insurance policy needs.
The pension fund wants fund-of-fund houses to offer information about emerging market infrastructure plus foreign bond investments, and it has launched an index analysis system.
Larger life insurance firms are likely to pursue private asset investing more assertively. Some think that they could look to structured equity products that hedge risk too.
While some have divested, others have put their faith in securitised products that shift the risk to the capital markets.
Despite a tumultuous start to 2020 and difficulties created by the coronavirus pandemic, investment managers are trying to settle on their strategies for the year.
The country's defined contribution plans could weather market storms better if they had a wider choice of alternative assets and a stronger focus on rebalancing, say industry experts.
Japan’s third biggest insurance company has shuffled its debt investment team.
Continuity in asset allocation and investment strategy is widely expected at the world’s largest pension fund as it replaces Hiromichi Mizuno with an experienced banker.
Some of the country’s pension funds are benefiting from years of diversification efforts, although the pandemic’s fallout has made investment execution harder.
The incoming president of the world’s largest pension fund will need to oversee a freer hand in foreign asset allocation and appoint a new CIO, with Hiromichi Mizuno leaving.
Japanese life insurers are well-suited to weather long-term global turbulence as the coronavirus spreads, but certain investment strategies might turn sour, say rating agencies.
The country's private sector employees are increasingly looking to personal pension savings, dubbed Ideco, over concerns they aren't putting enough aside for retirement.
The desire of companies in the country to switch from defined benefit to defined contribution pensions is throwing up challenges for savers.
The country's companies are trying to shift their employees from defined benefit to defined contribution pension schemes to avoid spiralling pension payment costs.
A link is emerging between pension funds' exposure to alternative investments and their asset growth, according to two recently-released studies.
Different overseas alternatives strategies combined into a shared investment vehicle can cause problems for some corporate pensions. Long-term planning could remedy the issue.
Overseas investors are flocking to Japanese housing. As the latest deal shows, there is increasing competition within one of the most sought-after real estate markets in Asia-Pacific.
As interest in alternatives grows, the CIO of Japan's national pension fund believes that the mindset of asset owners must change, if they want to hire the staff they need.