Japan records world's fastest pension fund growth

Total assets at the world's largest 300 pension funds grew by 27% to $8.4 trillion during 2004, driven largely by growth in Japan and Asia, according to Watson Wyatt research. All developed countries experienced asset growth due to general recovery in capital markets, but the Asia Pacific witnessed dramatic growth in market share of pension assets. Of the pension funds that gained the most assets in 2004 around the world, the top three are Japanese: the Government Pension Investment …