Japan Urges ¥293.6 Trillion GPIF to Buy Domestic Assets as Yen and Bonds Gain
Updated
Updated · Bloomberg · Jul 10
Japan Urges ¥293.6 Trillion GPIF to Buy Domestic Assets as Yen and Bonds Gain
3 articles · Updated · Bloomberg · Jul 10
Summary
Japanese bonds and the yen rose after Finance Minister Satsuki Katayama said pension funds should increase investment in domestic financial assets.
Katayama explicitly included the Government Pension Investment Fund, whose ¥293.6 trillion ($1.81 trillion) portfolio makes it one of the world's largest pension investors.
The call targeted support for home markets from levels near multi-decade lows, with the government also urging households to channel more money into Japanese assets.
The move signals a policy push to mobilize domestic savings to stabilize Japan's currency and bond market rather than relying solely on overseas capital.