Japan's GPIF to allow investing up to 31% of its assets in foreign bonds

Japan's GPIF to allow investing up to 31% of its assets in foreign bonds

Signage is displayed at the entrance to the Government Pension Investment Fund (GPIF) headquarters in Tokyo, Japan, on Friday, July 29, 2016. Photographer: Tomohiro Ohsumi/Bloomberg

Japan’s Government Pension Investment Fund will allow as much as 31% of its assets to be invested in foreign bonds, two sources familiar with the matter said, reflecting more leniency for the fund to overshoot its formal allocation target.