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Abe calling on Japan's pension fund to raise stock investment

From asia.nikkei.com

Japanese Prime Minister Shinzo Abe has asked his health and welfare minister to prod the nation's public pension fund to move faster in increasing stock investment. Abe discussed the issue with Norihisa Tamura on Tuesday, instructing him to have the Government Pension Investment Fund (GPIF) announce a reconfigured portfolio makeup in September or October, ahead of its initial year-end deadline. With 129 trillion yen ($1.24 trillion) in assets, the GPIF is the world's largest pension fund. Domestic bonds now make up nearly 60% of its holdings, but the fund is considering reducing this in favor of such assets as ... (full story)

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