Japan eyes higher return target of 1.9% for GPIF pension fund

Analysts say proposal could lead to more Japanese stocks in portfolio

GPIF has been dubbed the "whale" for its outsize market presence, with more than 240 trillion yen in assets under management as of March 31. (Photo by Akira Inujima)

TAKEMI NAKAGAWA and AKIRA INUJIMA, Nikkei staff writers

December 3, 2024 05:59 JST

TOKYO -- Japan signaled plans on Monday to raise the return on investment target of its massive Government Pension Investment Fund by 0.2 percentage point, with some in the market predicting the ratio of Japanese stocks in GPIF's portfolio will rise.

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