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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?


To: Mark Myword who wrote (4413)6/12/1998 9:44:00 AM
From: Step1  Respond to of 9980
 
Pension fund buying in Japan...

Yes, the government has been buying selected stocks in the market to attempt to support the prices... THis is not a new thing though as the national pension funds have done this for quite some time. At one point they were buying too much in US equity and bond markets so the government decided to put a cap on the percentage of foreign assets the funds could hold.
Best of my knowledge, although i cant find any article to prove it .
later
sg