Japanese government panel suggests pensions shift to alternatives
A Japanese government-appointed advisory panel has suggested that the country's JPY160 trillion ($1.6 trillion) public pension system - which includes the JPY120 trillion Government Pension Investment Fund (GPIF) - reallocate a portion of its holdings from government bonds to higher-return assets such a real estate and private equity.
The panel outlined its ideas as part of a preliminary report; the final version is due out later this year. While the report represents a significant step towards pension funds increasing their commitments...
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