Japan’s equity investors see a limited impact from the Government Pension Investment Fund’s reported decision to keep its asset allocation unchanged in the next fiscal year from April. The report comes after months of speculation in financial markets over whether the 260 trillion yen fund, among the biggest pension funds in the world, would increase its allocation to domestic stocks …
The world’s biggest pension fund has sent a shiver through the financial markets by stating it will cease lending shares to those seeking to profit from falling prices. I’m not sure Hiro Muzuno, the scheme’s chief investment officer, will necessarily welcome the support of Musk who has variously described shorters as “haters” and “jerks who want us to die”. The …
Japanese shares hit a seven-month high on Wednesday, with financial shares leading the gains, in the hope a cabinet reshuffle by Prime Minister Shinzo Abe giving fresh impetus to his “Abenomics” growth-promoting policies. Exporters’ shares also rode high as the yen weakened to an eight-month low and solid U.S. manufacturing data boosted their business prospects, even though U.S. shares ended …
