Japan's massive pension fund books 2.32% return

Business Jul. 07, 2012 - 03:00PM JST ( 6 )

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3

edojinJul. 07, 2012 - 03:44PM JST

The growing pension fund is good news ...

However, don't let the Liberal Democratic Party near that money. It will just squander it on its own personal usage. The last thing the LDP did while it was still running the country was to dip into the pension fund to help finance a program in another country. With all that money in the pension fund, the LDP people are probably drooling like crazy and can't wait to get back into power so that they can "play" with such money again.
-2

scoobydooJul. 07, 2012 - 03:46PM JST

2.23% Wow that's very unimpressive. Never trust your money to any one else unless you your self can't be trusted.
1

Tom WebbJul. 07, 2012 - 05:32PM JST

Edojin is so right. LDP will "borrow" the money for their own pet projects and leave the pensioners swaying in the wind. Let's not forget the LDP is the one that started the breakup of the Japan Postal System so that they could have their cronies in the banking get all of the Postal Bank's money.
0

danalawton1@yahoo.comJul. 07, 2012 - 11:33PM JST

I say take the Pension money and pay down 11% of Japan's $12.3 Trillion National Debt. Have to start somewhere.
0

NinohJul. 08, 2012 - 02:23AM JST

This is only a feel good occurrence before a dire news of the truth.
0

yildirayJul. 08, 2012 - 09:24AM JST

2.23% Wow that's very unimpressive.

On $1.42trillion? I certainly wouldn't complain if I had made that much trough investments!!!