The world’s largest pension fund chose two members who were on a state panel that urged it to cut bonds to head its investment committee.
In Japan, where company strategies curtail return on equity to half the global average, the government has a new weapon to shame chief executive officers into boosting returns: a stock index.
Japanese bonds completed a third weekly loss after data showed producer prices avoided declines for a second month and on prospects debt issuance will increase under a government led by Ichiro Ozawa .
"If GPIF says it's going to aim to reach its target allocations over a protracted period, and buys gradually every year, it can avoid being front-run."
- Ayako Sera on Oct 16, 2014