Japan fund weighs aggressive governance

Japan's $52 billion Pension Fund Association (PFA) is studying how the California Public Employee Retirement System (CalPERS) has revolutionized institutional investors' approach toward corporate governance, and may design similar strategies. Given the highly influential role the PFA plays among Japan's corporate pension funds, any such moves would likely have a big impact on investment strategy across the industry. The communications link between the two institutions is Jetro, the J…