News Headline Summary

During the EU session, Japanese GPIF chief says does not think Japanese equities are overheating at present

Says:
- Review of allocations should include discussion of JGB investment strategy.
- Plans to review investment target, portfolio allocation model from around April.
- Plans to sell JPY 4.7trl of assets in 2013/14 compared with planned JPY 6.4trl in 2012/13.

Update details:

- The Japanese GPIF is the Japanese public pension fund, within which holdings have been broadly unchanged since the fund's inception in 2006, wherein holdings were calculated with a CPI target of 1%, as opposed to the current target of 2%.

Print 23:24, 04 Feb 2013 - Asian News - Source: Newswires