TOKYO -- Japan's Government Pension Investment Fund will adjust its holdings according to market trends, shift its investment focus away from domestic bonds, and dip its toes into alternative assets, the fund's president and chief investment officer said.

This approach is aimed at meeting newly established allocation ratios, President Takahiro Mitani said in an interview. The GPIF previously invested heavily in Japanese government debt, with domestic bonds accounting for roughly 60% of total assets under management.