Japan’s Government Pension Investment Fund plans to boost investment in growth stocks to increase returns and may eventually allocate several trillion yen to such equities, the Nikkei newspaper reported on Oct. 5.
Curtis Freeze , founder of Prospect Asset Management Inc., which manages $280 million and has been investing in Japan for more than two decades, comments on the impact of the earthquake and deadly tsunami on Japanese stocks .
Curtis Freeze , founder of Honolulu- based Prospect Asset Management Inc., which manages $280 million and has been investing in Japan for more than two decades, comments on Japan’s strongest earthquake on record and the social and economic impact on the country.
Sitting before a cluster of computer screens in an apartment with the drapes shut, it took Naoki Murakami seconds to make $3,500 betting $1 million that Tokyo Electric Power Co. shares would fall a fraction of a percent.
The biggest drop in Japanese shares since the 2011 earthquake erased $314 billion in market value, shaking bulls who pushed the Topix Index to five-year highs and highlighting their vulnerability to shocks at home and abroad.
Japanese stock-index futures climbed following a report that the nation’s public pension fund may boost its equities holdings and as the International Monetary Fund was said to support government stimulus policies.