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Search results for Sanae Takaichi

Finance

Japan pension fund weighs boosting alternative investments to 5 percent from 1.7 percent

Japan\'s government is pushing a plan to gradually raise the Government Pension Investment Fund\'s allocation to alternative investments to about 5 percent from 1.7 percent, with the recommendation to be reflected in the next GPIF policy report. The shift could move billions of dollars into private equity, private credit, real estate and infrastructure. The government is also urging bigger domestic investment by public pension funds, amid stronger GDP data and a policy backdrop of higher inflation forecasts and recent rate hikes.

Crypto

BOJ rate decision nears, XRP on edge over risk of 2024-style drop

Growing speculation about possible further action by the Bank of Japan is fuelling expectations that XRP could come under renewed downward pressure amid fears of a yen carry trade unwinding. A social media account claiming links to the BOJ posted that the central bank was preparing measures affecting billions of people. Markets are watching the BOJ\'s July 30 rate decision after Japan raised rates twice and lifted its benchmark to 1% in June.

Industry

Nikkei breaks 72,000 for first time as Japan AI bet lifts semiconductor, robot stocks

Japan\'s Nikkei 225 broke above 72,000 for the first time, supported by buying in semiconductor and robot shares after the government announced a 10.5 trillion yen physical AI investment plan. The index closed up 1.55 percent at 72,353.96, its seventh straight record close. TOPIX also ended at a record. The government plans long-term investment of 370 trillion yen by 2040 and additional spending on AI infrastructure.