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Japan’s GPIF Still Weighing Asset Allocation Review

9/9/2026

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Story summary
  • Health Minister Kenichiro Ueno said the Government Pension Investment Fund is still weighing an asset-allocation review.
  • GPIF had concluded in March no review was needed but continues to consider it.
  • GPIF held ¥318 trillion ($2.1 trillion) at June’s end.
  • A one-percentage-point shift in allocation could redirect more than ¥3 trillion in fund flows.