Japan's pension 'whale' suspected of harpooning the yen

Coronavirus may have convinced Japan to stabilize currency with retirement fund

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The GPIF is the world's largest pension fund, so big it has been dubbed "the whale." © Reuters

YUKIHIRO SAKAGUCHI, Nikkei staff writer

TOKYO -- The yen is managing to weaken amid the coronavirus outbreak, escaping the upward pressure that chases the Japanese currency amid global emergencies.

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