Japans pension fund reform is noteworthy - BAML

By FXstreet.com | July 30, 2014 AAA

FXStreet (Guatemala) - Analysts at Bank of America Merrill Lynch reminded us that they argued in early February that Japan's pension fund reform, expected to involve fundamental shifts in pension portfolios, could have a significant impact on the financial market.



Key Quotes



"As the announcement of the GPIF's new model portfolio is expected by this fall, or as early as in August (albeit a low probability), we revisit key facts and update market implications, focusing on the upcoming model portfolio announcement."



"Under current GPIF structure, the investment committee, assigned by the Ministry of Health, Labour, and Welfare, will propose a model portfolio, and the final decision will be made by the fund's president, Takahiro Mitani. The majority of the committee members were reshuffled in April as scheduled and the current committee is led by Yasuhiro Yonezawa, a professor of finance at Waseda University."



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD upside remains corrective – Commerzbank
    Forex News

    GBP/USD upside remains corrective – Commerzbank

  2. USD/CHF shows recovery attempts, as it bottomed at 0.9340
    Forex News

    USD/CHF shows recovery attempts, as it bottomed at 0.9340

  3. USD/JPY Daily Outlook - September 19
    Investing

    USD/JPY Daily Outlook - September 19

  4. SEB:  More EUR/USD buying seen above 1.2943 - eFXnews
    Forex News

    SEB: More EUR/USD buying seen above 1.2943 - eFXnews

  5. USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI
    Forex News

    USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI

Trading Center