09/08/18

Former Fed Economist Urges The World's Largest Pension Fund To Buy More Junk Bonds



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Former Fed Economist Urges The World's Largest Pension Fund To Buy More Junk Bonds
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The last time we looked at Japan's giant pension fund, the Government Pension Investment Fund (or GPIF) which is the largest in the world and manages 158.6 trillion yen ($1.43 trillion), we found a problem: according to the latest quarterly release, Japanese equities accounted for 25.14% of the GPIF's portfolio at the end of March (which equates to over 40 trillion yen worth of shares covering roughly 2,300 issues).

This is a problem because the ....

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