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Japan's GPIF’s unusual August management committee meeting has fuelled speculation it may raise its 25% domestic bond allocation target, Bloomberg reports

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GPIF's unusual August meeting sparked speculation of raising its 25% domestic bond allocation target amid 10-year yields topping 3%.

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The speculation comes as Japan’s 10yr bond yield has risen about 1ppt since early March to over 3%, increasing expectations that the pension fund could review allocations and potentially ease upward pressure on yields.

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