Japan is set to shift approximately $640 billion in public pension money into active investments, according to reports from Nikkei. The move involves managing 100 trillion yen of public funds actively, taking inspiration from the Government Pension Investment Fund's strategy of embracing riskier assets. This decision comes amid speculation and reports of Japan's intervention in the foreign exchange market to prop up the yen. Credit Agricole confirmed the FX intervention report on Friday. Investors are awaiting confirmation on Friday regarding the suspected FX intervention aimed at addressing the yen's weakness, including short covering near previous intervention levels.
Japan To Answer JPY9.4Tln Question On Currency Intervention - BBG https://t.co/yp5rytuRwa
Japan is moving to steer nearly 100 trillion yen ($638 billion) more public money into active investing, taking a cue from the Government Pension Investment Fund's embrace of riskier assets, Nikkei has learned. https://t.co/VHrdOGSSP4 via @NikkeiAsia
Japanese data to confirm FX intervention as yen weakness persists https://t.co/6ozQJ0EU81 https://t.co/pUARgiz0Wn
Japanese Data to Confirm FX Intervention as Yen Weakness Persists https://t.co/zF5JQdQvDg
Investors will learn Friday if Japan intervened to prop up the yen during the last month https://t.co/DGl3fUbKEW
JAPAN TO ACTIVELY MANAGE 100 TRILLION YEN OF PUBLIC FUNDS: NIKKEI
Japan to shift $640bn in public pension money into active investing https://t.co/DcjFIhM7gI
🇯🇵JAPAN TO SHIFT $640BN IN PUBLIC PENSION MONEY INTO ACTIVE INVESTMENT - NIKKEI
Japan to shift $640bn in public pension money into active investment https://t.co/BM9M9Bvmhi
JAPAN TO SHIFT $640B IN PUBLIC PENSION MONEY INTO ACTIVE INVESTMENT: NIKKEI
Credit Agricole: yes on Japan's FX intervention report on Friday; implications for JPY https://t.co/9gUHVdqoXd
Speculation overnight 🇯🇵MOF intervened in the Yen, if so it was the most anemic to date and barely discernible. Think there was short covering near a level MOF previously may have intervened.
The yen fell through a level that prompted the latest round of suspected action by Japan to prop up the currency https://t.co/NSaZuW8x16