Shiozaki Named Japan Health Minister to Lead GPIF Revamp
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Yasuhisa Shiozaki, an outspoken supporter of changes to Japan’s public pensions, was named health minister in a sign of Prime Minister Shinzo Abe’s commitment to overhauling the world’s biggest retirement fund.
Shiozaki, 63, was put in charge of duties including overseeing the $1.2 trillion Government Pension Investment Fund, replacing Norihisa Tamura in a cabinet reshuffle announced today. Shiozaki, who previously served as deputy policy chief for Abe’s Liberal Democratic Party, has been one of the biggest proponents of reducing GPIF’s reliance on domestic bonds and making the fund more independent of bureaucrats.