| From Dow Jones: Japan's ruling party unveiled an economic stimulus plan Wednesday that calls for Japan to consider making use of its $1.07 trillion in foreign reserves to create a sovereign wealth fund. In doing so, Japan would join other large foreign currency reserve countries such as the UAE, Russia and China, but would be the first G-7 economy to take such a step. A Japanese sovereign wealth fund has been contemplated in the past, but has always been rejected.
In explaining the reasons for such a move, the plan's chief architect, former trade minister Masayuki Naoshima pointed to the need to get a greater return on Japan's overseas investments..............................................Full Article: Source
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