Japan weighs greater investment flexibility for GPIF as fund reports Q1 results

TOKYO, Aug 7 : Japan's GPIF will announce its performance for April-June on Friday as the government debates whether the world's largest pension fund should rethink its investment strategy.The Government Pension Investment Fund is likely to report comfortable returns from its investments, helped by gains in domestic and overseas equities during much of the quarter.A strong showing would emphasise the resilience of GPIF's portfolio, which is divided equally among domestic bonds, foreign bonds, domestic equities and foreign equities.It could also complicate the case for a major overhaul only a year after the fund completed its latest five-year review. The first major debate over GPIF's investment strategy in more than a decade began last month after Minister of Finance Satsuki Katayama said