TOKYO, June 16 Japan's Government Pension
Investment Fund (GPIF), the world's biggest pension system,
should quickly enact changes to its investment portfolio
management strategy, a draft of the government's growth strategy
showed on Monday.
The pension fund must improve its governance as it changes
its investment strategy, the draft said. The government is also
considering legislation to change GPIF's legal structure, the
Prime Minister Shinzo Abe has been pushing for GPIF to
invest more in domestic stocks and less in Japanese government
debt to generate higher returns for the fast-greying population
and boost economic activity.
(Reporting by Takaya Yamaguchi; Writing by Stanley White;
Editing by Chris Gallagher)