Minister of Health, Labor and Welfare Kenichiro Ueno, who is responsible for overseeing the Japanese government's pension investment funds, said GPIF is still considering whether it is necessary to evaluate its asset allocation. Kenichiro Ueno said at a regular press conference in Tokyo on Tuesday that GPIF “decided in March that there was no need to do this, but as far as I understand it, the fund is still continuing to consider this matter in an appropriate manner.” He also said that the investment environment did not deviate much from GPIF's expectations for its portfolio. As of the end of June, GPIF managed assets of approximately 318 trillion yen. Due to its huge size, its asset allocation trends are closely watched by traders around the world. From a theoretical point of view, every 1 percentage point adjustment in the allocation ratio may result in capital flows of more than 3 trillion yen.

Minister of Health, Labor and Welfare Kenichiro Ueno, who is responsible for overseeing the Japanese government's pension investment funds, said GPIF is still considering whether it is necessary to evaluate its asset allocation. Kenichiro Ueno said at a regular press conference in Tokyo on Tuesday that GPIF “decided in March that there was no need to do this, but as far as I understand it, the fund is still continuing to consider this matter in an appropriate manner.” He also said that the investment environment did not deviate much from GPIF's expectations for its portfolio. As of the end of June, GPIF managed assets of approximately 318 trillion yen. Due to its huge size, its asset allocation trends are closely watched by traders around the world. From a theoretical point of view, every 1 percentage point adjustment in the allocation ratio may result in capital flows of more than 3 trillion yen.