Praised by Elon Musk, Japan fund move fuels short-selling debate

GPIF halts stock lending from $1.5tn portfolio, reducing ammo for negative bets

20191208 Wall Street Bull

People pose with the Wall Street Bull in New York's financial district. Lending shares for short selling is a long-established market practice. © Reuters

KYOHEI SUGA, Nikkei staff writer

TOKYO -- Japan's public pension fund, one of the largest institutional investors in the world, has stirred an international debate with its decision to stop lending shares for negative bets on stocks.

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