Adam had the news earlier, more from the Nikkei, some GPIF news: Abe calling on Japan’s pension fund to raise stock investment
- Japanese Prime Minister Shinzo Abe has asked his health and welfare minister to prod the nation’s public pension fund to move faster in increasing stock investment
- Abe discussed the issue with Norihisa Tamura on Tuesday, instructing him to have the Government Pension Investment Fund (GPIF) announce a reconfigured portfolio makeup in September or October, ahead of its initial year-end deadline
- “If there’s a request from the government, we could announce (the new portfolio makeup) in August,” (GPIF investment committee head) Yonezawa said.
I had Nomura’s take on this yesterday, here: Nomura analyst thinks upcoming GPIF portfolio shifts could soon benefit yen shorts
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I’m not surprised Abe is giving them the hurry up … how long we been talkin’ about this, a year or more? Pull yer finger out!
