Financial Services Minister Katayama says GPIF's basic portfolio is "not an immutable scripture"

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โดย Reuters·Read original
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At a press conference following a cabinet meeting on the 14th, Finance Minister and Financial Services Minister Satsuki Katayama stated regarding the basic asset allocation of the Government Pension Investment Fund that "it is a rule that will be reviewed in a timely and appropriate manner if the environment at the time of formulation changes significantly. It is not an immutable scripture." She noted that the responsible minister is the Minister of Health, Labour and Welfare, and did not go into specific details of any changes, merely saying, "I would ask you to imagine to some extent," given that Japan's value is rising under the growth strategy. She indicated that the execution of the Sanae Takaichi administration's growth strategy would favor yen-denominated assets, and while acknowledging the possibility of revisions if necessary, she said she would like to consult based on GPIF's rules and the thinking of the Ministry of Health, Labour and Welfare. When asked about consistency with the Japan-U.S. finance ministers' joint statement from September last year, she said, "There is absolutely no change regarding the statement." At a press conference on the 10th, Katayama expressed a desire to pursue measures to encourage pension funds, including GPIF, to invest more in Japanese financial assets, which prompted a market reaction of a stronger yen and higher bond prices.

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