Japan’s $1.75 tln state pension fund may step up domestic purchases, scale back foreign

Bloomberg with the results of a survey it undertook. Bloomberg is gated, but the headline summary nis:

• Japan’s $1.75 trillion state pension fund may step up purchases of domestic stocks and scale back on foreign bonds in a reallocation of assets that would ripple through global markets

GPIF is expected to boost its allocation target for Japanese equities above the current 25

• an increase in foreign bonds is highly unlikely, as it would involve yen sales that may weaken the currency

This article was written by Eamonn Sheridan at www.forexlive.com.