As the world¡¯s biggest pension manager moves closer to putting more money in risky assets, the Liberal Democratic Party¡¯s deputy policy chief says the fund needs to change its governance first.
The Abe administration should submit a bill during the next Diet session to overhaul the structure of the ?126.6 trillion Government Pension Investment Fund, Yasuhisa Shiozaki said in a speech in Tokyo on Tuesday.
With the fund working on a separate investment strategy review, discussion is needed on whether it is right to alter asset allocations before the law change, he said.
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