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Japan Pensions With About $500 Billion Set to Copy GPIF

Where the world’s biggest pension fund goes, half a trillion dollars is set to follow.

Three retirement managers for Japanese civil servants and private school teachers with 30.4 trillion yen ($296 billion) will mimic the asset allocation changes being planned by the 126.6 trillion yen Government Pension Investment Fund, according to Takatoshi Ito, an adviser to lawmakers on the overhaul. Smaller funds with the equivalent of $205 billion are also poised to follow. Public pension managers must use the same investment guidelines by October next year, according to information on the health ministry’s website.