07.10.2010 - Japan to become the first Group of Seven nation to launch SWF
From Theaustralian.com.au: Japan may become the first Group of Seven nation to launch a sovereign wealth fund out of $US1 trillion in foreign reserves. The country’s ruling Democratic Party of Japan overnight unveiled an economic stimulus plan worth more than $US57.6 billion ($59bn). That plan also calls for Japan to consider making use of its $US1.07 trillion in foreign reserves to create a sovereign wealth fund. If approved, Japan would join other nations with large foreign-currency reserves, such as China, the United Arab Emirates and Russia, which have sovereign wealth funds that have taken greater roles in global deal-making..............................................Full Article: Source
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