Energy Markets
MORNING BID EUROPE - Japan calling capital home
Ankur Banerjee gives us a look at what the European and global markets will be like today. This is a much-anticipated'move' to encourage repatriation. Satsuki Katayama, Japan's Finance Minister, said the country wanted to encourage pension funds to invest "substantially more" in domestic financial assets. GPIF is the largest pension fund in the world, with assets of 293.4 trillion yen. Financial markets closely follow its movements, since any changes in strategy are often mirrored by other funds. The Takaichi Administration's fiscal expansion and the possibility of political interference with monetary policy sparked concerns, which led to a sell-off in Japanese...