Mar
27
Japan’s Pension Funds Boost Foreign Assets to Highest on Record
By-
Domestic debt falls to lowest level in more than a decade
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Smaller peers of GPIF shifted to more stocks in October
Japan’s public pension funds boosted holdings of foreign assets to a record in the three months through December, while reducing their investment in local sovereign debt to the least in more than a decade.
The funds bought a net 1.3 trillion yen ($11.5 billion) of overseas securities, bringing their total to 59.5 trillion yen, and also added to investments in domestic equities, Bank of Japan data published Friday show. They offloaded a net 704.4 billion yen in Japanese government bonds, leaving them holding 51.8 trillion yen of such debt, the lowest total since the third quarter of 2004…
Japan’s Pension Funds Boost Foreign Assets to Highest on Record
