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Stocks

Japan's public sector is top shareholder in a quarter of Tokyo stocks

The Government Pension Investment Fund raised its target weighting of Japanese equities in 2014 to 25% from 12%.

TOKYO -- Japan's massive government pension fund and central bank apparently have become the biggest shareholders in well over 400 companies on the Tokyo Stock Exchange's first section -- nearly one-quarter of all issues. Concern has heightened that though the active buying buoys stock prices, it may be undermining market mechanisms.

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