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31 Jul 2014
Japans pension fund reform is noteworthy - BAML
FXStreet (Guatemala) - Analysts at Bank of America Merrill Lynch reminded us that they argued in early February that Japan's pension fund reform, expected to involve fundamental shifts in pension portfolios, could have a significant impact on the financial market.
Key Quotes
"As the announcement of the GPIF's new model portfolio is expected by this fall, or as early as in August (albeit a low probability), we revisit key facts and update market implications, focusing on the upcoming model portfolio announcement."
"Under current GPIF structure, the investment committee, assigned by the Ministry of Health, Labour, and Welfare, will propose a model portfolio, and the final decision will be made by the fund's president, Takahiro Mitani. The majority of the committee members were reshuffled in April as scheduled and the current committee is led by Yasuhiro Yonezawa, a professor of finance at Waseda University."
Key Quotes
"As the announcement of the GPIF's new model portfolio is expected by this fall, or as early as in August (albeit a low probability), we revisit key facts and update market implications, focusing on the upcoming model portfolio announcement."
"Under current GPIF structure, the investment committee, assigned by the Ministry of Health, Labour, and Welfare, will propose a model portfolio, and the final decision will be made by the fund's president, Takahiro Mitani. The majority of the committee members were reshuffled in April as scheduled and the current committee is led by Yasuhiro Yonezawa, a professor of finance at Waseda University."