News Headline Summary

Japanese GPIF advisory panel head Ito says BoJ plan A working, no need for plan B

Says:
- GPIF has implemented first step of panel suggestions.
- GPIF moving to change portfolio law.
- GPIF change likely in the next 2 months.
- GPIF already making big changes.
- Investors to shift from JGBs to stocks as prices rise.
- GPIF should reduce domestic bonds to 35%.

Reaction details (03:43)

- No immediate reaction in Japanese asset classes.

Analysis details (03:45)

- The comment from Ito regarding changes being likely in the next two months are in-line with comments from Japanese Finance Minister Aso after he said foreign investors may react to GPIF stock move from June.

17 Apr 2014 - 03:40 - Equities - Source: BBG

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: