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Stocks

Collapse of 'safe-haven asset' bubble looms

Lower government bond prices could trigger a chain reaction

Pension funds such as Japan's Government Pension Investment Fund are shoring up stock prices.

TOKYO -- Monetary easing by central banks around the world has now reached a turning point, causing a stir among pension funds and other investors who have so far rushed to bonds and stocks in pursuit of slight returns.

With the bubble in prices for "safe-haven assets" showing signs of collapsing, investors around the world are now stepping into unknown territory.

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