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5 Jun 2014
Japan: Abe calls for early GPIF portfolio changes
FXStreet (Bali) - According to Nikkei, Japanese PM Shinzo Abe asked his Health and Welfare Minister Norihisa Tamura to accelerate the decision-making process over the re-allocation of GPIF.
The news clearly indicate that Prime Minister Abe intends to move faster to announce the portfolio changes, probably to come in Sept/Oct instead of the year-end deadline.
As the Nikkei reports: "Japanese equities accounted for 17% of its portfolio as of the end of last year. Since changing this allocation by even 1% would involve moving some 1 trillion yen, the stock market has high hopes for increased investment by the GPIF."
Investment committee head Yasuhiro Yonezawa was quoted by the Nikkei saying that "if there's a request from the government, we could announce (the new portfolio makeup) in August."
The news clearly indicate that Prime Minister Abe intends to move faster to announce the portfolio changes, probably to come in Sept/Oct instead of the year-end deadline.
As the Nikkei reports: "Japanese equities accounted for 17% of its portfolio as of the end of last year. Since changing this allocation by even 1% would involve moving some 1 trillion yen, the stock market has high hopes for increased investment by the GPIF."
Investment committee head Yasuhiro Yonezawa was quoted by the Nikkei saying that "if there's a request from the government, we could announce (the new portfolio makeup) in August."