GPIF head not planning changes in allocation - WSJ interview

Japan's Government Pension Investment Fund (GPIF) president Norihiro Takahashi, who oversees USD1.2tn as part of the country's national pension reserve fund, said in an interview with the WSJ, that Japan doesn't need to change its basic allocations as their determination to stimulate growth and inflation remains unshakable.

Takahashi said: "The Bank of Japan has not lowered its 2% inflation target and the government has not backed down from beating deflation with fiscal policy. The situation hasn't changed enough to warrant a review of our portfolio. Here will be positive effects (from the BoJ's negative interest rate policy), and we will be able to see them after a little time. We should be thinking about what kind of investment we will do when those effects appear."