Japan's GPIF supporting global market liquidity, Mimura says

Japan's top currency diplomat, Atsushi Mimura, asserted on October 14 that the Government Pension Investment Fund (GPIF) is bolstering global financial market liquidity and functionality. Mimura highlighted Japan's early response to an aging population by implementing measures like universal pensions and healthcare systems in 1961.

These actions resulted in a robust workforce and a substantial increase in pension funds, positioning GPIF as the world's largest institutional investor. Mimura, Japan's vice finance minister for international affairs, emphasized that these proactive policies had not only aided Japan in addressing population aging but also generated positive by-products.

The GPIF reported a record quarterly investment gain in the April-June quarter, sparking discussions about potential changes in its investment strategy, which could have a significant impact on global financial markets.