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. [View news story]
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. [View news story]