A panel of LDP members is looking for a swifter construction of reforms to the giant Japanese pension fund GPIF and the way it’s governed. In documents seen by Bloomberg the suggested governance system should be in line with proposals made last year that aims to have 6-7 directors on a board.
At the moment the GPIF has a single president with total responsibility, although there are still board members which are chosen by the government. Last month Abe decided to axe three members of the panel who were critical of Abenomics.
Abe & Co want to get the near $1.3tn fund investing more aggressively and it looks like many in his party want to speed things up a bit.
