TOKYO -- Japan's Government Pension Investment Fund, having long taken few safeguards against foreign exchange risk, is adopting currency hedging to contend with an appreciating yen, President Norihiro Takahashi told The Nikkei on Monday.
Takahashi, formerly of Norinchukin Bank, a lender to the country's agricultural cooperatives, took the helm at the GPIF on April 1. He leads one of the world's biggest institutional investors, with 139.8 trillion yen ($1.25 trillion) in assets as of the end of December.
