Japan reportedly has not immediate plan to change target asset allocations of its state pension funds but could work within existing allowable ranges to direct more investment to domestic assets, sources suggest
Newsquawk Staff ·
- One source suggested that markets moved more than expected, following Katayama's comments. Her remarks were not intended to imply asset allocation changes.
- China is to accelerate the development of new roles within the AI space, Xinhua reports
- Japanese Prime Minister Takaichi told reporters that she would instruct the Minister of Economy, Trade and Industry to consider subsidies for gasoline and other fuel, JiJi reports
- China's Politburo held a meeting today and says it is to maintain high-pressure posture against corruption and will continue to deepen reform efforts and conscientiously implement reform tasks, according to Xinhua
- Japan's Finance Minister Katayama says believe Japanese financial institutions handled PHP issue relatively smoothly and expect them to continue to take necessary action
- Japan's Rengo union reportedly seeks 6% wage increase for 2027; maintains a minimum wage hike benchmark of 5% or more in 2027 policy
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