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Japan is on a U.S. stock buying spree
If you've been making money from the rallies on Wall Street this week, then maybe you should thank the Japanese. Japan has one of the largest pension funds in the world -- a massive $1.1 trillion -- and it's starting to deploy more of that money in markets outside its homeland, including the United States. Tim Anderson, managing director of TJM Investments in New York, said this is already making an impact on Wall Street. He believes the Government Pension Investment Fund of Japan was gobbling up U.S. stocks on Wednesday and Thursday, helping drive the Dow up 170 points over the two days. "The largest pension plan ... (full story)