This was out earlier but slid under the radar and had Bbg reporting that former top adviser to the government on overhauling public pensions, Takatoshi Ito, said yesterday that the $1.2 trillion pension fund, may delay announcing its portfolio review until December.
The supposed plan is to reduce JGB investments and more into equities, which we’ve been reporting for some time now
Not his decision now but he’ll have inside knowledge. In any case Eamonn had this story from the WSJ on Monday saying that the GPIF were unlikely to make any decision before November
Says Ito:
The deliberation at the investment committee seems to be slower than expected “There is also a debate about whether adjustment of the portfolio comes before or after the announcement. If they move the portfolio before the announcement, a delay until December is necessary.
Bloomberg has more here
