Japan to shift $640bn in public pension money into active investing

Exclusive: Move to create new 'whale' in stock and bond markets

20240524N Stock Board REUTERS

Japan is shaking up how the nation's retirement savings are managed. © Reuters

KOSUKE TAKEUCHI and TAKAKO GAKUTO, Nikkei staff writers

TOKYO -- Japan is moving to steer nearly 100 trillion yen ($638 billion) more public money into active investing, taking a cue from the Government Pension Investment Fund's embrace of riskier assets, Nikkei has learned.

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