TOKYO: The world’s biggest pension fund has room for a Japan stock shopping spree after the value of its investments tumbled last quarter.
The US$1.3 trillion Government Pension Investment Fund (GPIF) would need to spend US$52bil on domestic shares to meet its target for the asset, according to Bloomberg News calculations, after the fund said last Friday that holdings fell to 21% of investments at the end of June. Its goal is a quarter of the portfolio.
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