From the Nikkei this morning in Japan:

  • Japanese Health Minister Yasuhisa Shiozaki is responsible for the Government Pension Investment Fund (GPIF)
  • Today he will meet with an advisory panel (the Social Security Council’s pension subcommittee) to request reorganization of the fund’s decision making
  • The GPIF is headed by Takahiro Mitani, a former Bank of Japan official; currently he single-handedly makes decisions ranging from portfolio allocation targets to which institutions manage the fund’s assets
  • Shiozaki wants to change the GPIF’s status so that a board of directors can be set up to create a multi-person decision-making process to give the fund more autonomy from the welfare ministry and other government agencies.

More at the article

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“To give the fund more autonomy from the welfare ministry and other government agencies” …. that’s what he says anyway.