Huge Japanese savings bank is unconcerned about current stock market woes
Stocks may be tanking globally but that's not stopping the Japan Post Bank Company from warming up it's $1.8tn of deposits to put into stocks and other assets
The Japan Times reports that JBP Executive VP Katsunori Sago says that the move into stocks could start within a year. As well as stocks he wants to put several trillion yen into other assets like private equity and hedge funds over the next 5-10 years
He's unsure whether Japanese equities are a buy now but he's not going to be worried if prices fall further
The expected stream into equities from the big Japanese banks and pension funds is ongoing but can be a slow process. If stock prices continue to tank then when these purchase programs start firing up they could be setting themselves at great levels for the future
