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Japan's govt to approve GPIF reallocation on Friday - Reuters

FXStreet (Bali) - Japan's govt is set to approve GPIF assets reallocation on Friday, raising japan equity target to 25 pct, Reuters reports, citing sources familiar with the matter, following earlier headlines by Nikkei.

As Reuters notes: "Japan's government will approve on Friday allocation targets for the world's biggest pension fund which aim to raise the portion of Japanese shares to 25 percent of its portfolio from the current target of 12 percent, two government sources said. A panel of the Ministry of Health, Labour and Welfare will discuss the GPIF reallocation plan in the afternoon before Minister Shiozaki gives final approval, the sources said."

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