Japan government pension fund re-jig could see BoJ pick up $80bn in JGBs
The Japanese Government Pension Investment Fund (JGPIF) could flood the market with up to ¥8 trillion ($80 billion) worth of domestic bonds – with the Bank of Japan (BoJ) potentially picking up the slack.
The fund – the largest of its kind in the world – today announced a dramatic shift in the investment strategy governing its ¥112 trillion ($1.17 trillion) worth of assets, as it reduced its target of holding 67% of its assets in domestic bonds to 60%, with a permitted deviation of 8% either
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