Japan civil-servants pension fund could lift equity allocation

|By:, SA News Editor

The pension fund for Japan's civil servants, which manages almost $80B, is reportedly considering allocating more of its money to stocks and less to domestic government bonds. A decision could come in the autumn.

The possible move by the Federation of National Public Service Personnel Mutual Aid Associations, a fund that covers 1.24M active and retired public servants, would follow a similar course by Japan's $1.2T Government Pension Investment Fund,

At the end of March, 78.8% of the federation's portfolio was in domestic bonds, 6.8% in domestic equities and the rest in assorted investments.