Japan's public pension to get new digs, stay in Tokyo - sources


  • World
  • Tuesday, 22 Jul 2014

TOKYO (Reuters) - Japan's public pension fund is set to move into a new office next spring but drop an earlier cost-saving plan to leave Tokyo, as the government aims to transform the understaffed body into a more professional and autonomous institution, sources said.

The Government Pension Investment Fund, the world's largest public pension, with 126.58 trillion yen (0.73 trillion pounds) in assets, but with only around 80 employees, now occupies a building that has minimal amenities and little air-conditioning.

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