Japan’s public pension investor, reshaping domestic bonds amid calls to broaden asset mix.
The US and Iran have exchanged fresh strikes this weekend and on Monday, reversing a recent interim ceasefire and re‑opening doubt over control of the Strait of Hormuz. President Donald Trump has declared the ceasefire "over," ordered further strikes and revoked a temporary oil waiver. Oil has jumped into the high $70s–$80s and global markets have fallen.
Finance officials signal ongoing reviews that could steer Japan’s GPIF toward greater yen-denominated assets, amid government talk of encouraging domestic investment. The GPIF’s next review is due in 2030, with current allocations unchanged for now.
The government has signalled readiness to act decisively if needed as it seeks to widen investment in Japanese assets, with leaders underscoring growth beyond current measures. Public pension funds and households are urged to participate more, while officials caution that intervention cannot be dictated and must align with evolving conditions.