36 Days
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الاقتصادية
Takaichi's government relies on Japan's largest pension fund to support the yen
The Japanese government, led by Prime Minister Sanae Takayoshi, intends to direct the Government Pension Investment Fund (GPIF), the world's largest with assets totaling 293.6 trillion yen ($1.8 trillion), to increase its investments in domestic assets, aiming to support the value of the yen and government bonds. Recent statements have led to a rise in the yen and Japanese government bonds, with the yen jumping by 0.6% to reach 161.285 yen per dollar, after experiencing prolonged downward pressures. This move is part of the government's efforts to address market volatility and improve economic performance, while reaffirming that the management of the fund remains independent of fiscal policy.
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