Japan has called on its pension funds, which include one of the world¡¯s largest, to invest in domestic assets, giving a boost to both bonds and the yen from levels near multidecade lows.
¡°One priority is to encourage households, as well as pension funds including the GPIF, to increase their investment in Japanese financial assets. We intend to pursue policies that support that objective,¡± Finance Minister Satsuki Katayama said, referring to the Government Pension Investment Fund (GPIF), which manages ?293.6 trillion ($1.81 trillion) in assets.
¡°We want to ensure that the public can directly benefit from Japan¡¯s economic growth,¡± she told reporters at a regular news conference Friday.
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