Japan to appoint former Norinchukin executive Miyazono as new GPIF head, source says

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By Takashi Umekawa

TOKYO (Reuters) – The Japanese government will appoint a former Norinchukin Bank executive as the new head of the 169 trillion yen ($1.5 trillion) Government Pension Investment Fund (GPIF), a source with direct knowledge of the matter said on Monday.

The appointment of Masataka Miyazono will be announced later this week, said the source, who declined to be identified because the information has not been made public. The GPIF is the world’s largest pension fund and is closely watched by global financial markets because of its mammoth size.

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