Aurora Macro Strategies

Aurora Japan Report: Changing the GPIF Will Be Easier Said Than Done

July 13, 2026

Japan

Changing the GPIF looks politically appealing but institutionally difficult, especially given Japan's fiscal and market constraints. Aurora explains what reforms are plausible, what resistance they face, and how the debate could affect domestic assets.

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Aurora Japan Report: Changing the GPIF Will Be Easier Said Than Done