Japan’s finance minister Satsuki Katayama urges the country’s large pension funds to invest more in domestic assets, according to multiple reports. The push is linked to Japan’s Government Pension Investment Fund (GPIF), one of the world’s biggest pension pools, which manages assets worth about ¥293.6 trillion (roughly $1.8 trillion). News outlets report that the comments drive market moves: the yen strengthens from near four-decade lows, while Japanese bonds and stocks also rise following the announcement. The reports characterise the policy as an effort to tilt pension allocations toward Japanese assets rather than relying more heavily on foreign holdings. While details of any specific targets or mechanisms are not fully described in the excerpts provided, the messaging is presented as a signal to financial institutions that pension investment strategy should place greater emphasis on domestic markets. Overall, sources agree that the finance minister’s call for higher domestic allocations coincides with a rally in yen-denominated assets.