How long has it been since fiduciary duty first became a topic in Japan's asset management industry? Personally, I distinctly recall the term, with its definition appended, entering the asset management and pension fund industries' general lexicon in the latter half of the 1990s, when government first started talking about passing the Defined Benefit Corporate Pension Plan Act. Why is this term now attracting renewed attention more than 20 years later?
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Feb. 17, 2021