Japan eyes higher return target of 1.9% for GPIF pension fund #JapanFinance

TOKYO — Japan signaled plans on Monday to raise the return on investment target of its massive Government Pension Investment Fund by 0.2 percentage point, with some in the market predicting the ratio of Japanese stocks in GPIF’s portfolio will rise.

The proposal by the Ministry of Health, Labor and Welfare would boost the ROI target for fiscal years 2025 through 2029 to 1.9% from 1.7%. The target is reviewed every five years. It was raised in fiscal 2010 and fiscal 2015 and left unchanged in fiscal 2020.