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>The news comes from The Wall Street Journal, which reported that Japan’s state-owned Government Pension Investment Fund, which holds Social Security reserves of nearly every Japanese worker, is poised to sell down its $400 billion of U.S. dollar assets and direct the money to Japanese domestic bonds and equities to prop up Japan’s asset markets long enough to limp through the next crisis.
>Out of the $1.5 trillion in their reserves, Japan’s Government Pension Investment Fund owns nearly $400 billion in U.S. Treasurys and another $400 billion in overseas equities—stocks—overwhelmingly parked in S&P 500 companies.
