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Japan to press GPIF on domestic assets as JGB selloff exposes BOJ independence fears
The GPIF push and the government's repeated denials of BOJ interference read as a coordinated effort to steady a JGB market that has already sold off to multi-decade high yields on fiscal and political concerns. Given GPIF's 293.4 trillion yen scale and even split across domestic and foreign equities and bonds, any real shift toward domestic assets would be…
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