Japan’s finance minister Satsuki Katayama urges the country’s pension funds to increase their investments in domestic assets, including yen-denominated bonds and other local holdings. Multiple outlets report that the call comes as Japan seeks to support domestic financial markets. The Government Pension Investment Fund (GPIF), one of the world’s largest pension investors, is highlighted in the reporting. The fund holds about ¥293.6 trillion (about $1.81 trillion), according to Bloomberg. Following the announcement, markets react promptly: the yen strengthens from near multi-decade lows, while Japanese bond prices rise and yields move lower, indicating renewed investor demand. One report also notes broader market movement across yen, bonds, and stocks, attributed to expectations that pension allocations could shift away from foreign assets toward domestic portfolios. The articles describe the move as an encouragement rather than a specific policy measure detailed in the reports, focusing on the potential effect of pension investment preferences on currency and bond markets. Overall, the coverage centers on the finance minister’s directive and the immediate impact on the yen and government bond markets.