Japan’s government pension fund waryIt’s watching global macro-economic policies

Virus slowdown: People walk through a shopping arcade near Sensoji Temple in Tokyo. Japan’s massive Government Pension Investment Fund has been closely watching macro-economic policies, as weaker first-quarter retail spending suggests a blow to the economy. — AP

TOKYO: Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, has been closely watching global macro-economic policies since the coronavirus outbreak as these measures may affect markets, the president said.

“As authorities in the world have conducted large-scale fiscal and monetary policy, one of our focus points is how such measures would affect markets, ” Masataka Miyazono, who took over as president in April, said in a interview with Reuters on Wednesday.