GPIF's $200 billion push abroad to boost inflation bid

Business / Economy Jun 2, 2014

GPIF's $200 billion push abroad to boost inflation bid

Prime Minister Shinzo Abe's inflation drive may get a boost as Nomura Holdings Inc. forecasts as much as $200 billion in foreign asset purchases by Japan's pension funds will weaken the yen. Nomura predicts a sell-off of local bonds by the $1.3 trillion Government Pension ...