Japan's civil service pension fund raises allocation on riskier assets

FXstreet.com (Bali) - Japan's $75 billion civil service pension fund, known as KKR, has lowered its allocation to Japanese bonds to 74% from 80%, while raising weighting of Japanese stocks to 8% from 5%. The rethink in asset allocation comes in sympathy with a more aggressive stance taken by the Government Pension Investment Fund, known as GPIF.