• Bloomberg


A law to transform how the world’s biggest pension fund is run can wait and may even be shelved, said a ruling party official, contradicting his deputy policy chief who called it the top priority.

Prime Minister Shinzo Abe’s team can achieve adjustments at the ¥126.6 trillion Government Pension Investment Fund without formally amending the law that governs it, said Liberal Democratic Party lawmaker Seiji Kihara. The bill, expected to add a board of directors to lead the fund, can be submitted after GPIF alters its asset allocations, said Kihara, who worked on it.

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