J.P. Morgan said that due to the sharp rise in Japanese treasury bond yields, the Japanese government pension investment fund may be reconsidering the asset allocation plan, which may become another supporting force for the yen. Strategist Saito Ikue said that the Japanese Government Pension Investment Fund temporarily held a committee meeting on August 21. This was the first time in seven years that a meeting was held in August. The agency just concluded in March that there was no need to evaluate the underlying portfolio. “The issue was rediscussed after only five months. The situation is very abnormal, indicating that the Commission may be re-examining its previous position.”

J.P. Morgan said that due to the sharp rise in Japanese treasury bond yields, the Japanese government pension investment fund may be reconsidering the asset allocation plan, which may become another supporting force for the yen. Strategist Saito Ikue said that the Japanese Government Pension Investment Fund temporarily held a committee meeting on August 21. This was the first time in seven years that a meeting was held in August. The agency just concluded in March that there was no need to evaluate the underlying portfolio. “The issue was rediscussed after only five months. The situation is very abnormal, indicating that the Commission may be re-examining its previous position.”