Japan preparing legislation to allow GPIF to directly buy & sell stocks

FXStreet (Bali) - Japan’s government is preparing legislation to allow GPIF to directly buy & sell stocks, reports The Wall Street Journal.

GPIF chief investment officer Hiromichi Mizuno, via WSJ: "GPIF could contribute more to Japan's economy by constructively interacting not only with money managers, but also with corporations. As Japan's biggest asset owner, we can jump start a positive chain reaction of better governance between businesses and investors."