Japan Calls on Pensions to Increase Domestic Investments

Japan’s finance minister Satsuki Katayama urged the nation’s pension funds to increase investments in domestic assets, boosting the yen from near four-decade lows and spurring a rally in bonds. Japan’s Government Pension Investment Fund is one of the world’s largest pensions with ¥293.6 trillion ($1.81 trillion) in assets. Bloomberg’s Brian Fowler reports. (Source: Bloomberg)