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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, Reserve Currencies

Japan MOF to lend $3.9bln forex reserves to JBIC for overseas projects

Posted on 01 February 2011

From Dow Jones: In the latest sign Japan is moving to actively deploy its massive stockpile of foreign currency reserves outside the country, the Ministry of Finance will earmark $3.9 billion for strategic investments overseas through a government-affiliated financing body. Japan could eventually seek to transform the JBIC into a sovereign wealth fund like those in China, Norway and Singapore.
Unlike a typical SWF, the JBIC currently has no mandate to take direct stakes in overseas investments……………………………………….Full Article: Source


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