The government's mission to erode the value of its own obligations is being heard at...
The government's mission to erode the value of its own obligations is being heard at Japan's public pension fund ($1.2T AUM), which considers cutting its 67% target allocation to government debt. "JGBs were how we made money over the past 10 years," says fund chief Mitani, his eyes clearly focused on other assets - domestic and overseas stocks to name two.
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