Japan Pension boosts asset sales to $48bn

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JAPAN - Japan's public pension fund, the world's largest, will increase asset sales by more than five times to about ¥4trn ($48bn) this fiscal year as payouts rise with the nation's population ageing.

That follows ¥720bn raised in the fiscal year ended in March, all through sales of its Japanese bond holdings, Takahiro Mitani, president of the Government Pension Investment Fund (GPIF), said in a...

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