Full-scale GPIF portfolio shift to accelerate JPY weakness – Nomura

Yujiro Goto, FX Strategist at Nomura, notes that the full-scale GPIF portfolio shift has not started yet, adding that it is expected that the introduction of the new basic portfolio will accelerate JPY weakness. Key Quotes “The Government Pension Investment Fund (GPIF) moderately reduced the s…

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Full-scale GPIF portfolio shift to accelerate JPY weakness – Nomura