(January 11, 2010) – In the nine months to December, Japanese corporate pension funds posted an 11.5% profit.
The gain was aided by increases in global equity prices and the yen’s fall toward the end of the year, according to data from Towers Watson, a U.S.-based consultancy that surveys about 120 pensions every quarter. Japan’s Nikkei rose to its highest since October 2008 on Friday, according to Reuters.
The financial crisis took a toll on corporate pension funds, which lost 16.5% in the April-December period last year, Reuters reported.
To contact the <em>aiCIO</em> editor of this story: Kristopher McDaniel at <a href='mailto:kmcdaniel@assetinternational.com'>kmcdaniel@assetinternational.com</a>