Sep
16
Japan Pension Funds Sell Local Stocks for First Time Since 2013
By-
Central bank data shows end of 4.5 trillion yen buying spree
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Foreign demand for Japan shares is also waning, MOF data show
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 Government Pension Investment Fund and its peers 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 Pension Funds Sell Local Stocks for First Time Since 2013
