Japan’s Prime Minister Takaichi said on Friday households and the Government Pension Investment Fund (GPIF) should be encouraged to raise allocations to Japanese financial assets so the public can share in Japan’s economic growth. The yen briefly strengthened, touching 162.13 per dollar. Finance Minister Katayama last week also urged GPIF to increase domestic allocations.

2026-07-17

Japan’s Prime Minister Takaichi said on Friday households and the Government Pension Investment Fund (GPIF) should be encouraged to raise allocations to Japanese financial assets so the public can share in Japan’s economic growth. The yen briefly strengthened, touching 162.13 per dollar. Finance Minister Katayama last week also urged GPIF to increase domestic allocations.