Excerpts from an interview with Japan’s $1.2 trillion Government Pension Investment Fund president Takahiro Mitani:
- I don’t know when we’ll change our asset allocation, but if for example, we do it at the end of next year, and we pull our domestic bond holdings down to 52% now
- There are people urging us to buy more stocks, but our stock holdings are near the upper bound allowed under our current allocation
When do you think you could change your asset allocation next?
We have our mid-term plan that’s done every five years, and we just revised our portfolio in June, so I thought it might be okay to wait until March 2015 to decide.
More at (ungated) Wall Street Journal
