There has been plenty of news (or, hot air, really) this morning regarding 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.
- The reallocation was currently set to take place by the end of March 2015
- But Japan’s Health Minister Norihisa Tamura (responsible for the GPIF) said “We believe a change in GPIF’s portfolio must be dealt with as soon as possible”
- Tamura Didn’t give a specific date for when the GPIF should complete the portfolio changes
The GPIF currently has
- a 60% target allocation to domestic bonds
- 12% to domestic stocks
- 11% to foreign bonds
- 12% for foreign stocks
- 5% to short-term assets
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And, that’s it from the GPIF news for today.
