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Public pension systems log surpluses in FY16

Jiji Press TOKYO (Jiji Press) — Japan posted surpluses in its public pension accounts in fiscal 2016, which ended in March, thanks to large investment returns, the Health, Labor and Welfare Ministry said Thursday.

Japan logged a surplus of ¥10,503.1 billion in market value in the special account for the “kosei nenkin” pension program for corporate employees, the first surplus in two years. The country marked a surplus of ¥244 billion in the special account for the “kokumin nenkin” program chiefly for the self-employed, also the first black ink in two years.

The Government Pension Investment Fund, which manages public pension assets, posted ¥7,892.5 billion in investment returns in fiscal 2016 on higher stock prices. Of the total returns, ¥7,407.1 billion was for kosei nenkin and the remaining ¥485.4 billion for kokumin nenkin.Speech

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