Japan’s $1.5 Trillion Pension Whale to Trigger Waves in Stocks, Currencies
TOKYO—Japan would love to strengthen the yen, with the currency’s value at a nearly 38-year low. And it owns one of the world’s biggest dollar stashes.
Many analysts say Tokyo is getting ready to redirect some of those government-controlled dollars back into yen assets, a decision that could ripple through global financial markets, given the sums involved.
Source: WSJ
