Japan’s ruling party LDP deputy policy chief says the Government Pension Investment Fund (GPIF) needs to change its governance before any asset changes:

Yasuhisa Shiozaki said in a speech at Bloomberg’s offices in Tokyo on Tuesday that:

  • with the fund working on a separate investment-strategy review, discussion is needed on whether it’s right to alter asset allocations before the law change
  • “We have to fix GPIF’s governance structure in the extraordinary session and then rework its portfolio”
  • “Governance reform is paramount and it’s important to get it done before the weightings get changed this fall”

More at the Bloomberg article, here: GPIF Needs Overhaul Before Asset Changes, Shiozaki Says

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I posted more on the GPIF here: Bank of America/Merrill Lynch says GPIF changes could start impacting in August, forecasts for USD/JPY