Japan¡¯s finance minister floated the idea of adding government bonds to a tax-free investment program for individuals and said the nation¡¯s massive pension fund will adjust its holdings if needed, stepping up efforts to attract cash to domestic markets as the yen trades near 40-year lows.
¡°If we successfully advance our growth strategy, yen-denominated assets will become more attractive,¡± Finance Minister Satsuki Katayama told reporters Tuesday. ¡°Since that¡¯s the policy this administration is pursuing, it¡¯s possible the portfolio could be reviewed and, if necessary, revised, as the chief cabinet secretary said.¡±
Chief Cabinet Secretary Minoru Kihara noted on Monday that the Government Pension Investment Fund (GPIF) conducts routine reviews of its portfolio.
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