News Headline Summary

There were reports earlier in the US session that Japan's government is set to urge the nation's public pension funds to increase their investment in equities and overseas assets as part of a growth strategy being readied by PM Abe

Says:
- Japanese government to begin review of investment strategies of the Government Pension Investment Fund (GPIF) and other public funds.
- Japan to allow GPIF to invest in alternative assets, including domestic and foreign assets.
- Japan to form panel in July to discuss investment strategies of public funds.
- Japan plans to implement new public fund strategy by April 2015.

03 Jun 2013 - 22:31 - - Source: Newswires

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