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7 Aug 2014
Japan's GPIF set to boost stock allocation to over 20% - Reuters
FXStreet (Bali) - Reuters sources report that Japan's GPIF - Japan's Government Pension Investment Fund - is set to boost the domestic stock allocation to over 20%.
If the speculations are confirmed by Japanese authorities in coming weeks, it would represent a significantly bullish input for the Nikkei 225 and Yen crosses, as the current domestic stocks allocation presently stands at 12%.
According to Reuters, "sources familiar with the fund's plans said the GPIF will likely lower its weighting for Japanese government bonds to around 40 percent from a current 60 percent target, and may also increase investments in global stocks when it announces its new allocation plan sometime in the autumn."
If the speculations are confirmed by Japanese authorities in coming weeks, it would represent a significantly bullish input for the Nikkei 225 and Yen crosses, as the current domestic stocks allocation presently stands at 12%.
According to Reuters, "sources familiar with the fund's plans said the GPIF will likely lower its weighting for Japanese government bonds to around 40 percent from a current 60 percent target, and may also increase investments in global stocks when it announces its new allocation plan sometime in the autumn."