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 signalled alternative assets, includi

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 signalled alternative assets, including venture capital and startup investments, may become a future focus for the fund.