FX shock from fund upheaval

Up to ¥30 trillion of public funds, currently managed by corporate pension funds, is expected to return to government management following a revision of regulations earlier this year. And this will have far-reaching repercussions for forex, as a result of asset reallocations and the termination of relationships with certain banks and fund managers.

The implications for forex stem largely from the differing management styles of public and private funds in Japan, said Paul Sheard, Lehman

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: