Reuters reporting ‘sources' as saying the Japanese government is to approve the Government Pension Investment Fund (GPIF) reallocation today, raising the Japanese equity target to 25%.
Adam had early inklings of this overnight: Japan GPIF to raise domestic stock market allocation to 25% – Nikkei
But its been in the news for a good few weeks, though unconfirmed.
Indeed, I coughed up my cornflakes a few Saturday mornings back upon seeing this report: Japan press Saturday: GPIF to lift ratio of domestic stocks to about 25%
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I'll get a link for this Reuters story ASAP
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