Channel NewsAsia
AsiaPac · 1 hrs ago
Japan will explore ways to encourage GPIF to boost domestic investment, minister says
TOKYO, July 10 : Japanese Finance Minister Satsuki Katayama said on Thursday the government wants to explore ways to encourage pension funds, including the Government Pension Investment Fund (GPIF), to increase their holdings of domestic financial assets."We would like to pursue measures that would encourage pension funds, including GPIF, to make substantially greater investments in Japanese financial assets," she said at a regular press conference.The remarks came as concern over the administration's expansionary fiscal policy and risk of political interference on monetary policy sparked a selloff on Japanese government bonds (JGB), pushing yields to multi-decade highs.Economy Minister Minoru Kiuchi said on Friday the government would never convey in advance its preference on how the Bank
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