Opposition party submits a bill to restrict the share ratio on April 10 at 18:18
Amid lower stock prices due to the spread of the new coronavirus, the opposition parties have set a bill to limit their shareholding to about 20% of their assets, aiming for stable management of public pension reserves. Submitted jointly to.
The GPIF, which manages about 170 trillion yen of pension reserves, plans to manage 50% of its assets with domestic and foreign stocks.
The Constitutional Democratic Party, the People's Democratic Party, the Communist Party, and the four opposition parties including the Social Democratic Party have jointly submitted a bill to the lower house to regulate their shareholding ratio to approximately 20% for stable management.
At the lower house plenary session on next week, Prime Minister Abe will also be attending, and a bill related to the government's pension system reform, which will reduce the conditions of participation to make it easier for part-time workers to join employees' pensions, will be presented. It is scheduled to be deliberated, and it is expected that questions will be asked together with the bill submitted by the opposition side.
"The new coronavirus has caused stock prices to fluctuate and asset values to fluctuate significantly. We have to reconsider our share ratio," said Representative Democratic Party member Mitsuoka Okamoto of the DPJ who submitted the bill.