Sep
17
Japan’s Pension Funds Unexpectedly Sold Stocks Last Quarter
By-
Central bank data show end of 4.5 trillion yen buying spree
-
“It’s quite strange” as GPIF’s peers have room to buy: Iwao
Japan’s public pension funds sold domestic stocks in the three months through June, ending a five-quarter buying spree that saw them put 4.5 trillion yen ($37.3 billion) into the nation’s equity market.
The funds offloaded 406.8 billion yen of local shares in the period ended June 30, the first sale since the last quarter of 2013, according to Bank of Japan data published Thursday. The funds also sold 957.7 billion yen of local sovereign debt, while buying 2.1 trillion yen of overseas assets…
Japan’s Pension Funds Unexpectedly Sold Stocks Last Quarter
