SocGen Sees $76 Billion of JGB Buying If GPIF Rebalances Assets
AI Summary
Societe Generale projects that Japan’s Government Pension Investment Fund could buy up to $76 billion of additional Japanese government bonds without altering its asset mix, potentially supporting the debt market.
Japan’s Government Pension Investment Fund has room to buy as much as ¥12.3 trillion ($76 billion) of additional government bonds without changing its asset allocation mix, according to Societe Generale SA, offering potential support for the debt market.