In the three months up to June, the Japanese government pension investment fund reduced the allocation of Japanese bonds, after which Japan's finance minister called for more investment in local assets. According to the quarterly report released in Tokyo on Friday, Japanese bonds account for 25.59% of GPIF's assets. This ratio is lower than 26.91% in March, but is in the range of 23.64% to 27.64% over the past six years. Japanese bonds are the only assets GPIF reduced its holdings during this period. This may make this one of the world's largest pension funds run counter to the ideas of Prime Minister Takaichi Sanae's government; the fund's decisions will lead the trend of other investors --. Finance Minister Katayama Satsuki called in July that funds such as GPIF should increase their investment in Japanese assets, drawing attention to the fund's asset allocation. Later that month, Prime Minister Takaichi Sanae expressed similar views. She emphasized in the Diet the importance of encouraging families and GPIF to increase investment in Japanese financial assets.

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