Via Bloomberg calculations (based on information provided by GPIF about fund's holdings as of December 31):

Japan's Government Pension Investment Fund

GPIF assets under management included 1.1t yen in pension premiums entrusted to fund from health ministry, according to Kotaro Mori, health ministry official, implying total of about 138.1t yen at end December

  • GPIF held 43% or 59.6t yen in domestic bonds
  • 20% or 27.4t yen in Japanese stocks
  • 13% or 18.2t yen in foreign bonds
  • 20% or 27.1t yen in foreign stocks
  • 4.3% or 5.9t yen in short-term assets

Bloomberg calculations based on GPIF financial results at end-December:

  • Those figures imply GPIF needs to sell 11.2t yen in domestic bonds to reach 35% target
  • Buy 7.2t yen in Japanese stocks to reach 25% target
  • Buy 2.6t yen in foreign bonds to reach 15% target
  • Buy 7.4t yen in foreign stocks to reach 25% target

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The data would seem to be a bit dated 9two months old) ... so keep that in mind