Daiwa Securities said that Japan's Finance Minister Katayama Satsuki said that Japan hopes to encourage pension funds, including government pension investment funds, to increase investment in domestic financial assets. This statement may help drive the “triple rise” of the Japanese stock market, bond market, and yen. It specifically mentioned GPIF's portfolio management, which sparked speculation that the fund might increase its allocation of Japanese assets. Given the large scale of assets GPIF managed, its potential trend “cannot be ignored.”

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