TOKYO: Japan’s public pension funds, including the US$1.2 trillion (RM3.87 trillion) Government Pension Investment Fund, sold a net 1.1 trillion yen (RM32.7 billion) in long-term Japanese government debt in April-June, central bank data showed yesterday. Public pension funds also bought a net 393 billion yen in stocks, flow of funds data from the Bank of Japan showed. Under pressure from the government of Prime Minister Shinzo Abe to shift money into higher-risk assets and out of low-yielding Japanese government bonds, GPIF plans to boost the weighting of domestic stocks to more than 20 per cent from a current 12 per cent target, sources said. Reuters
news