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    Japan revamps investment panel of world’s biggest pension fund

    04:06 AM ET · DXJ

    • Japan has overhauled the investment committee of its $1.26T Government Pension Investment Fund (GPIF), the world’s largest pension fund.
    • Prime Minister Shinzo Abe wants the GPIF to improve returns by making higher-risk investments and reducing its reliance on low-yielding government bonds.
    • Citigroup believes that the Bank of Japan could increase its bond-buying to offset reduced JGB purchases by the GPIF.
    • The revamp is part of Abe’s “third arrow” of his strategy to reform the economy and lift Japan out of deflation.
    • Because of its mammoth size, the GPIF is closely watched as a bellwether for Japan’s institutional investors. Last June, it increased its weighting of domestic stocks and lowered that for Japanese bonds.
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