Japan's $1T Government Pension Investment Fund (GPIF) plans to reduce its yen bond weighting to...

|By:, SA News Editor

Japan's $1T Government Pension Investment Fund (GPIF) plans to reduce its yen bond weighting to 60% from 67% and increase its allocation for Japanese stocks to 12% from 11%, as well as boost its investments in foreign equities and debt. The GPIF's move, which had been expected, comes as Japanese shares fall sharply following a huge run-up that ended late last month. Given the government's massive debt, the effect on bond yields will probably also be closely watched