Japan will seek measures encouraging GPIF and other pension funds to raise investment in Japanese financial assets
Japan FM announced that the Japanese government will seek measures encouraging GPIF and other pension funds to raise investment in Japanese financial assets. It seems to be one of the act they would prefer to stabilize JGB yields while allowing BoJ's independency. GPIF, being the largest public pension fund, could seize a more important role in the JGB market and absorb more JGB when the BoJ tapers.
USD/JPY is trading 0.49% lower at 161.56.