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Japan's GPIF set to boost stock allocation to over 20% - Reuters

FXStreet (Bali) - Reuters sources report that Japan's GPIF - Japan's Government Pension Investment Fund - is set to boost the domestic stock allocation to over 20%.

If the speculations are confirmed by Japanese authorities in coming weeks, it would represent a significantly bullish input for the Nikkei 225 and Yen crosses, as the current domestic stocks allocation presently stands at 12%.

According to Reuters, "sources familiar with the fund's plans said the GPIF will likely lower its weighting for Japanese government bonds to around 40 percent from a current 60 percent target, and may also increase investments in global stocks when it announces its new allocation plan sometime in the autumn."

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