Takatoshi Ito: Japan should create $33bn SWF
Posted by Editor on July 09, 2008 at 08:29 PM
Bloomberg reports that, “Japan should start a sovereign wealth fund with about $33 billion in assets, using interest earned on its $1 trillion of foreign reserves, said Takatoshi Ito, a member of a government advisory committee.”
Unlike another recent suggestion regarding a Japanese SWF, which calls for the setting up of an SWF with which to invest pension fund assets, the fund proposed by Ito would fall under the mainstream definition of an SWF.