Shiozaki throws cold water on hopes for quick GPIF reform

FXStreet (Bali) - Some of the enthusiasm seen earlier in the week to keep pushing the Yen into lower territory seems to be fading somewhat, and other than a market that was starting to get over-stretched, comments from the newly appointed Minister of Health and Welfare Mr. Shiozaki are not helping to attract additional demand into Yen crosses.

According to a report from Reuters: "Shiozaki said he wanted to proceed as quickly as possible with governance reform at the world's biggest pension fund. But he said he would leave the details of asset allocations "to the experts". Some market players also question whether Shiozaki plans to go beyond market expectations in reducing bonds and raising risk assets such as stocks and foreign assets."