• total assets reach a record JPY +130.9 trln vs +127.3 trln prev
  • Japanese bonds at 49.6% vs 51.91% prev, fall below 50% of assets for first time
  • Japanese stocks returned +5.8%, domestic bonds delivered +0.5%

Japan’s Government Pension Investment Fund release their latest numbers

JGB target holdings were officially lowered to 35% recently so it will be interesting to see how that progresses from current/Q3 levels

USDJPY still 117.90