Finance Minister Satsuki Katayama has floated the idea of adding Japanese government bonds to tax-free investment accounts and reviewing the GPIF portfolio.
The remarks come as part of efforts to draw more funds into domestic markets amid a weakening yen.
Katayama, who heads the Finance Ministry, made the comments on July 14.
The proposals involve expanding the NISA tax-free framework to include JGBs and examining changes to the Government Pension Investment Fund holdings.
Societe Generale estimates $76 billion in Japanese government bond purchases if the Government Pension Investment Fund rebalances its assets. The projection follows Finance Minister Satsuki Katayama's call last week for greater domestic investment by pension funds.
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The Government Pension Investment Fund, one of the world’s largest, will likely ignore the finance minister’s call to boost domestic investment, at least in the short run.
SBI Group intends to launch Bitcoin and Ethereum ETFs in Japan following expected regulatory changes. The initiative targets the country's vast household savings pool through familiar brokerage and tax-advantaged channels.
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Foreign portfolio investors are directing record amounts into India's government securities this month following recent policy adjustments.