Japan's finance minister Katayama said she will press measures to encourage the
Government Pension Investment Fund (GPIF) to increase allocations to domestic
financial assets, while stressing she does not have the authority to direct the
fund's investment decisions. She reiterated that GPIF's baseline asset
allocation can be adjusted each fiscal year if necessary, leaving scope for
portfolio changes before the end of the current five-year plan. Katayama also
signaled alternative assets, including venture capital and startup investments,
may become a future focus for the fund.
