Corp. Pension Funds Are Back in Black

Japanese corporate pension funds have posted a positive return for the first time in three years during the financial year to March, according to Nikkei. A survey by Rating & Investment Information Inc. shows that returns for roughly 130 pension funds averaged 14% in 2009 on the back of a 37% jump in the Nikkei Stock average. The yen's strength sabotaged a larger recovery. In 2008 they had lost 17% of their value.