Japanese giant government pension investment fund could be about to increase foreign assets
According to UBS’s Mansoor Mohi-uddin.
He states that a close eye should be kept on the huge pension fund as it directly reports to Japan’s ministry of health, pensions and finance.
Given the strong desire by the BOJ and the government to reflate the economy, it is likely to consider raising its current allocations towards more foreign assets as well as domestic stocks
The move may also induce Japan’s other pension funds to follow suit.
Currently of the funds $1.1trn in holdings, 77% are domestic with 23% in foreign assets.
