Japanese pension funds brace for dwindling yen

This year has seen the Japanese yen take a steep dive against other major currencies and especially the US dollar, which makes up the lion’s share of Japanese investors’ capital deployment overseas.  But the yen’s current depreciation has only caused limited trouble for most Japanese pension funds that have hedged US investments against currency fluctuations, according to Konosuke Kita, director of consulting at Russell Investments in Japan. The decision-making of pension funds …