Japan's Katayama says may consider pension asset allocation tweak if environment changes
· CNA · JoinRead a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST
TOKYO, July 14 : Japan may consider adjusting its state pension fund's asset allocation if the environment surrounding asset management changes sharply, Finance Minister Satsuki Katayama said on Tuesday.
"The change in environment would include an enhanced appeal of Japanese assets as the government powerfully pushes through its growth strategy," Katayama told a press briefing.
Health, Labour and Welfare Minister Kenichiro Ueno told a separate press conference the ministry, which oversees the state pension funds, will examine reviewing the Government Pension Investment Fund's (GPIF) portfolio allocation if necessary.
Katayama said on Friday the government would seek ways to encourage pension funds, including GPIF, to make "substantially greater investments in Japanese financial assets," triggering a spike in the yen and bonds.
Newsletter
Week in Review
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Sign up for our newsletters
Get our pick of top stories and thought-provoking articles in your inbox
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app