Arthur Hayes said on Sept. 3 that Japan’s Government Pension Investment Fund, or GPIF, is considering a fresh review of how it allocates assets between domestic and overseas markets. In his view, that possible shift was also one of the reasons the euro fell by about two big figures against the Japanese yen during the day. Hayes said any change in GPIF’s portfolio mix could trigger large-scale capital reallocation. He described the potential outcome as the start of a "money-printing party." He also pointed readers to his latest article, "Atencion," for more detail on his thinking.
Arthur Hayes said on Sept. 3 that Japan’s Government Pension Investment Fund, or GPIF, is considering revisiting its allocation between domestic and overseas assets.
Hayes said this was also one of the reasons the euro fell by about two big figures against the Japanese yen during the day.
He added that a change in GPIF’s asset allocation could lead to large-scale capital reallocation, and said it would kick off a "money-printing party." Hayes also recommended his latest article, "Atencion," for readers who want more detail on his views.
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