As has been widely reported/anticipate this week and been driving the Nikkei up to fresh 15 year highs
Reuters had this yesterday which reader JC also highlighted earlier
Three smaller public pension funds, albeit with a combined total of $250bln in assets, have made a joint announcement with the world's largest,
The new model portfolio, part of a government plan to consolidate Japan's pension system in October, will match the new GPIF allocations of
- 35% in Japanese government bonds (JGBs)
- 25 % in domestic stocks
- 15% in foreign bonds
- 25% in foreign stocks
Final investment amounts may vary, as the three funds are not required to follow the model and they, like GPIF, will have some leeway above and below their targeted levels to manage their portfolios in practice
USDJPY 120.72 unfazed on the actual print
