Key facts
- Japan's government will pursue steps to encourage domestic investment.
- Measures will target households and the Government Pension Investment Fund (GPIF).
- GPIF is the world's largest pension fund.
- GPIF managed 293.6 trillion yen ($1.81 trillion) in assets as of March.
TOKYO, July 17 (Reuters) - Japanese Prime Minister Sanae Takaichi announced on Friday that the government intends to implement measures aimed at increasing domestic investment by both households and the Government Pension Investment Fund (GPIF). Takaichi stated in parliament that the GPIF, under its asset management guidelines, has been steadily increasing its domestic investments through alternative strategies, thereby contributing to Japan's economic growth.
As of the end of March, the GPIF, which is the world's largest pension fund, managed assets totaling 293.6 trillion yen, equivalent to approximately $1.81 trillion. Any substantial alteration in its investment strategy could have significant repercussions across global markets.