New GPIF board chairman vows to give plain explanations to people

October 4, 2017

TOKYO- Eiji Hirano, chairman of the newly launched board of governors of Japan's Government Pension Investment Fund, has vowed to give plain explanations about the fund's operations to the people.

"I will explain how public pension reserves are actually managed, in a way that is easy for the people to understand," Hirano, former executive director of the Bank of Japan, said at his inaugural press conference on Tuesday.

The establishment of the GPIF board this month, part of the pension fund's governance reform, is aimed at decentralizing decision-making authorities that have been concentrated on its president. Jiji Press