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To: Rational who wrote (8353)	11/17/1997 10:45:00 PM
From: Ocote	Read Replies (2) of 18056

Sankar: Feel like I'm getting a free course from reading your posts. I wonder if the following article fits into your theory. Govt To Deregulate Pension Fund Management, Home Care Services TOKYO (Nikkei)--The Health and Welfare Ministry plans to end regulations on management of employee pension funds and home care services for the elderly by March, ministry sources said. Under the plan, operators of such pension funds could invest more than 30% of the funds in securities or foreign-currency denominated assets and more than 20% in real estate. The plan will be incorporated into an economic package to be released Tuesday, the sources said. The ministry initially said it would lift the regulations by March 1999, but decided to move the plan up by a year in response to requests from the business community. The ministry proposal will also allow the private sector to offer home and day-care services for the elderly, currently limited to local governments and welfare organizations. The plan is designed to cut back on ballooning welfare expenses and relatively high costs of such services by organizations heavily dependent on government subsidies, the sources said. satellite.nikkei.co.jp Ocote

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