Central Banking

Japanese SWF proposed

A panel of the ruling Liberal Democratic Party (LDP) has recommended that Japan should establish a sovereign wealth fund managing 10 trillion ($93 billion) in assets drawn from the country's pension reserves to bolster returns.

The LDP's recommendation is the latest development in a long-running debate over whether Japan should establish a sovereign wealth fund capitalised by its excess savings.

The group will submit its proposal to Yasuo Fukuda, the prime minister, "as soon as possible," Yuji

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