Japanese demand builds for foreign assets

Foreign fund managers and advisers stand to benefit from the growing number of Japanese institutions seeking overseas assets, according to Cerulli Associates and Nomura Research Institute (NRI). This marks a trend as the country’s banks increasingly shift money from Japanese government bonds (JGBs) into foreign securities. It also comes just two months after a Japanese government-appointed panel advised the country’s $1.2 trillion Government Pension Investment Fund and other large…