Let GPIF be a direct shareholder: lawmaker
Japan's $1.2 trillion state pension fund should be allowed to buy domestic shares and ought to boost its investment expertise, says the country's deputy policy chief.
A senior member of Japan’s ruling party has called for rule changes that would allow the country’s Government Pension Investment Fund (GPIF) to invest directly in companies and have a say in how they are run.
Currently the ¥126.6 trillion ($1.2 trillion) fund is prohibited from buying stocks directly and entrusts external asset managers to exercise the voting rights it has in the companies it owns shares in.
It should also be permitted to invest in unlisted ventures and small- a…
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