The Japanese government pension investment fund will announce the investment performance for the April-June quarter on Friday. Currently, the Japanese government is discussing whether the world's largest pension fund should re-examine its investment strategy. Thanks to domestic and foreign stocks rising for most of the quarter, GPIF's return on investment is expected to perform well. The impressive performance will highlight the resilience of GPIF's portfolio; currently, its portfolio is evenly allocated to the four major asset classes of domestic bonds, foreign bonds, domestic stocks, and foreign stocks. It has only been a year since the fund completed the latest round of five-year reviews. The impressive performance may make it more difficult to establish reasons for major changes in investment strategies. A major debate on GPIF's investment strategy began last month. This is also the first time in more than ten years that such important discussions have occurred. Earlier, Japan's Finance Minister Katayama Satsuki said that due to rising domestic bond yields and better returns from stocks, the government intends to guide public pension funds to increase investment in domestic assets. However, nearly a month after the statement was made, government officials said that no major policy measures have been introduced to immediately change GPIF's benchmark portfolio. They said a more practical solution would be to allow the fund to have greater freedom of operation within the scope permitted by existing goals without initiating a strategy review.

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