Reuters reporting ‘sources’ as saying the Japanese government is to approve the Government Pension Investment Fund (GPIF) reallocation today, raising the Japanese equity target to 25%.
Adam had early inklings of this overnight: Japan GPIF to raise domestic stock market allocation to 25% – Nikkei
But its been in the news for a good few weeks, though unconfirmed.
Indeed, I coughed up my cornflakes a few Saturday mornings back upon seeing this report: Japan press Saturday: GPIF to lift ratio of domestic stocks to about 25%
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I’ll get a link for this latest Reuters story ASAP:
- Japan’s government will approve on Friday allocation targets for the world’s biggest pension fund which aim to raise the portion of Japanese shares to 25 percent of its portfolio from the current target of 12 percent, two government sources said.
