A little lost in the BOJ fallout was the news that the expected changes to the GPIF allocation have been confirmed by a govt source with health min Shiozaki expected to give final approval later today
- panel approves cutting JGB allocation to 35% from 60%
- domestic stocks to rise to 25% from 12%
- foreign stocks to rise to 25%
Eamonn had the heads up here earlier and the impact on BOJ
