Japan's GPIF to allow investing up to 31% of its assets in foreign bonds

Japan's GPIF to allow investing up to 31% of its assets in foreign bonds

Signage is displayed at the entrance to the Government Pension Investment Fund (GPIF) headquarters in Tokyo, Japan, on Friday, July 29, 2016. Photographer: Tomohiro Ohsumi/Bloomberg

Japan’s Government Pension Investment Fund will allow as much as 31% of its assets to be invested in foreign bonds, two sources familiar with the matter said, reflecting more leniency for the fund to overshoot its formal allocation target.

The world’s largest pension fund will raise its foreign bond allocation target to 25% from 15% in its new portfolio which is due to disclose later this month, Reuters previously reported.

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