News that the Japanese Government Pension Investment Fund asset to allocate a large chunk of its Yen 9 trillion ($70 billion) of assets to overseas securities in 2002 may be bad news for Yen bulls. But it is good news for foreign fund managers and custodians active in the Tokyo market. The Fund today announced an allocation shift of Yen 1,500 billion, which was three times lower-end expectations and a sixth higher than the consensus suggested.
Japanese Pension Fund to Up Overseas Allocation
News that the Japanese Government Pension Investment Fund asset to allocate a large chunk of its Yen 9 trillion ($70 billion) of assets to overseas securities in 2002 may be bad news for Yen bulls. But it is good news
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