Japan's public pension fund to hike investment in foreign bonds

Move to cope with BOJ's negative-rate policy may rattle currency markets

20190930 Government Pension Investment Fund

The Government Pension Investment Fund wants to change its asset management plan so that it can invest more in foreign bonds.

DAICHI MISHIMA, Nikkei staff writer

TOKYO -- Japan's Government Pension Investment Fund plans to expand its investment in foreign bonds.

The move has been prompted by increased difficulty in managing funds in Japanese government bonds due to the Bank of Japan's negative interest rate policy.

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