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Whales are changing direction! The world's largest retirement fund may increase its holdings of Japanese stocks, triggering a chain reaction.
One of the world's largest retirement funds, the Government Pension Investment Fund (GPIF) of Japan, may increase its buying of domestic stocks and reduce investments in foreign bonds. This trend could have an impact on the global market. As long as GPIF raises its allocation target for Japanese stocks by 5 percentage points, it could translate into a net purchase of over 10 trillion yen (approximately 69 billion US dollars).