Demography ate my homework on cheaper yen

John Dizard wonders if the Bank of Japan is setting up the world for another run of devaluation

Editor’s choice

WALSALL, ENGLAND - SEPTEMBER 08: A pensioner holds his walking stick on September 8, 2014 in Walsall, England. Britain is facing multiple problems stemming from an increase in the elderly proportion of its population, including increasing health care costs, strains on its social security system, a shortage of senior care workers and challenges to the employment market. (Photo by Christopher Furlong/Getty Images) ©Getty
Confidentiality agreements means schemes cannot compare how much they are charged by fund managers
Security guards stand outside the U.S. Federal Reserve building in Washington, D.C., U.S., on Thursday, Dec. 4, 2008. The Federal Reserve drained $25 billion in temporary reserves from the banking system when it arranged overnight reverse repurchase agreements, or repos. Photographer: Brendan Smialowski/Bloomberg News ©Bloomberg
Few investors believe hedge fund managers and private equity firms are worth the fees they charge

Japan pension fund in big move to stocks

National fund will put half its assets in stocks and cut bonds

Dollar soars after BoJ stuns markets

US currency hits 4-year high as central bank expands asset-buying

S&P 500 ends at record after BoJ boost

Nikkei at 7-year high, dollar jumps, and gold slides

Bad loans surge at China’s biggest banks

ICBC and CCB report biggest quarterly jump in 7 years

Shadow banking nears pre-crisis peak

FSB data put sector’s assets at more than $75tn

High-yield bond sales dry up in Europe

Borrowers look to loan market instead

Barclays confident of reaching BoE target

Lender sets aside £500m for forex probe

Malaysia fund readies $3bn power asset IPO

Plan for listing next year comes amid scrutiny of 1MDB

Daniel Ivascyn, managing director of Pacific Investment Management Co. (PIMCO), is seen in this undated handout photo released to the media on Tuesday, Aug. 28, 2012. Ivascyn, who runs the $11.2 billion Pimco Income Fund, was the top performer over the past five years among 26 Pimco bond funds bigger than $1 billion, including Gross's flagship Total Return Fund, according to the BLOOMBERG RISKLESS RETURN RANKING. Source: PIMCO via Bloomberg EDITOR'S NOTE: NO SALES. EDITORIAL USE ONLY

Pimco manager returns now Gross has left

Jeremie Banet goes back to fund manager after selling food


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