Masahiko Shibayama – a Liberal Democratic party lawmaker who is close to Shinzo Abe heads a financial markets and governance reform group within the governing LDP.
He wants to make changes to the GPIF;
- At present, decisions on asset allocation are taken by one man – president Takahiro Mitani – after consultation with an external investment committee appointed by the ministry of health, labour and welfare
- Shibayama says “We want to put several people on the board, so they can have a good discussion about the appropriate mix of assets”
More at the Financial Times (report was from the morning of May 11)
–
If such a shake up was to occur it is likely very supportive of the Nikkei
