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A man walks past a poster that informs customers that bitcoin can be used in this shop in Tokyo on January 06, 2018. Japan's government pension fund on Tuesday said it is requesting information on "illiquidity assets" such as bitcoin , as part of research into potential new investments. The Government Pension Investment Fund (GPIF) of Japan, the world's largest pension fund by assets under management on several different rankings, said it is looking for "basic information" on illiquid assets other than those in which it already invests. GPIF said it currently puts funds in domestic and foreign bonds and stocks, real estate, infrastructure and private equity. It is now looking for information about other assets such as forests, farmland, gold and bitcoin and how these might be incorporated into the portfolio of pension funds.
Persons: GPIF Organizations: Government Pension Investment Fund Locations: Tokyo, Japan
Japan has become a gold mine for value investors
  + stars: | 2023-11-10 | by ( Edward Chancellor | ) www.reuters.com   time to read: +7 min
Having experienced a multi-decade decline after 1990, Japanese stocks have escaped the doldrums. Reuters GraphicsAnother shadow that has long lingered over corporate Japan is management teams which tended to neglect shareholders and prioritise the interests of other stakeholders. METI is also redefining the aim of Japanese companies, says Stephen Codrington, founder of the independent research firm Codrington Japan. Japan, whose regime was formerly unfriendly to equity investors, is moving in the opposite direction, says Drew Edwards, head of GMO Usonian Japan. Japan, as Codrington says, has become a gold mine for value investors.
Persons: Jeremy Siegel, “ Stocks, It's, Alex Kinmont, James Montier, METI, Stephen Codrington, Codrington, Toby Rodes, Edward McQuarrie, McQuarrie, Drew Edwards, there’s, Warren Buffett, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Investors, Credit Suisse Global Investment, Nikkei, U.S ., Local, Credit Suisse, Ministry, Economy, Trade, Industry, Electronics, Hitachi, Fujitsu, Investment, Toyota, Investment Fund, Tokyo Stock Exchange, Kaname, Takisawa Machine Tool, managements, Toyota Industries, Santa Clara University, U.S, Thomson Locations: Japan, U.S, Europe, Codrington Japan, United States
Tesla nominates ex-CTO JB Straubel to board of directors
  + stars: | 2023-04-07 | by ( Lora Kolodny | ) www.cnbc.com   time to read: +3 min
JB Straubel, Tesla Motors' former chief technical officer, speaks during a ribbon cutting for a new Supercharger station outside of the Tesla Factory on August 16, 2013 in Fremont, California. Tesla has nominated JB Straubel, the CEO and founder of e-waste recycler Redwood Materials, to its eight-member board of directors, according to an SEC filing out Thursday. Straubel is deemed a co-founder of Tesla due to his engineering and operations leadership at Tesla from early on. Mizuno was previously the chief investment officer Japan's government pension investment fund and has been a member of the Tesla board since April 2020. Besides Straubel, Tesla is nominating CEO Elon Musk and chair Robyn Denholm to be re-elected to the board of directors again.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla board member Hiromichi Mizuno: We don’t care about the competitionHiromichi Mizuno, chief investment officer of the Japan Government Pension Investment Fund and a Tesla board member, speaks to CNBC's Dan Murphy at the World Government Summit in Dubai.
Elon Musk remarked that he wouldn't mind Tesla going bankrupt, if this means a rival company builds a better car, according to a member of the firm's board. "I think that's his philosophy and Tesla's philosophy," said Mizuno, who was chosen to join the company's board in April 2020. Musk has previously said that the automaker could have gone bankrupt multiple times in its almost 20-year history. Investors question whether Musk is getting distracted, at a time when Tesla faces increased competition, macroeconomic uncertainty and regulatory scrutiny. Nevertheless, Mizuno backed Musk and suggested that he admired the tech magnate's tenacity.
Masataka Miyazono, president of the Government Pension Investment Fund (GPIF), speaks during a news conference in Tokyo, Japan, on Friday, July 1, 2022. Japan's Government Pension Investment Fund — the world's largest — reported a fourth consecutive quarterly loss on Friday, taking it to its longest losing streak in 20 years. The world's largest pension fund saw a 0.97% loss on its investments in the last three months of 2022, equating to 1.85 trillion yen ($14.3 billion). It takes GPIF's losses for the first three quarters of the fiscal year to 3.71%, or 7.32 trillion yen. Its total assets now total 189.9 trillion yen.
Prime Minister Fumio Kishida says he will put innovation and scientific research at the “centre” of his policy push. That has meant pushing the $1.3 trillion Government Pension Investment Fund to get involved funding startups while removing policy bottlenecks. In the United States nearly a third of venture capital came from pensions whereas in Japan it is only 3%, according to a Nikkei report. However, the blunting of Japan is due more to its failure to deploy existing tools and best practices than invent new ones. Investing in the future makes for riveting speeches, but Japan Inc will get more from reinventing itself than inventing new things.
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