Japan's Government Pension Investment Fund (GPIF) manages the largest pool of retirement savings in the world.
UP until now they've been the country's largest holder of equities.
The BOJ 'Hold my beer' QQE policy, though, will soon see the Bank overtake the fund.
The Nikkei says the Bank will overtake the GPIF in 2020 as top shareholder in Tokyo-listed companies
- BOJ held over 28 trillion yen (around $250 billion) in exchange-traded funds as of the end of March, equating to 4.7% of the total market capitalization of the first section of the Tokyo Stock Exchange
- Given the bank has a buy target of 6 trillion yen in new purchaseseach year, its holdings will put it ahead of GPIF in November. of 2020
- GPIF are currently on 6%
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If any ForexLive traders are travelling to Japan, do not leave your luggage unattended. The BOJ will snap that up too.
Mine!
