| By the Government Pension Investment Fund of Japan (GPIF) to manage the amount of up to $ 1.25 trillion in pension, the agency has thus become the world’s biggest public pension investment institutions. The fund invested in the capital market strategy in conservative. For a long time, GPIF’s investment-based asset allocation to bonds, however, the outcome from the investment point of view, a conservative policy not only failed to protect the security of assets, also led to a drastic shrinkage of pension assets. |
