Japan has overhauled the investment committee of its $1.26T Government Pension Investment Fund (GPIF), the world's largest pension fund. Prime Minister Shinzo Abe wants the GPIF to improve returns by making higher-risk investments and reducing its reliance on low-yielding government bonds. The revamp is part of Abe's "third arrow" of his strategy to reform the economy and lift Japan out of deflation.
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