The target rate of returns comes out of a complex modeling exercise that takes into consideration several factors including: information on oil and gas production and reserves; projected oil and gas prices; possible drawdowns from the Fund; and the projected government spending path.
Toshihiko Fukui: The challenges for sustained economic growth under changing economic, social and international environments Opening speech by Mr Toshihiko Fukui, Governor of the Bank of Japan, at the 11th International Conference sponsored by the Institute for Monetary and Economic Studies, Bank of Japan, Tokyo, 5 July 2004. *  *  *  Introduction Good morning, ladies and gentlemen.