World's biggest pension fund won't buy China sovereign debt: Report

Japan’s Government Pension Investment Fund, the world’s largest pension fund, said it won’t include yuan-denominated Chinese sovereign debt in its portfolio.
 

The decision comes as FTSE Russell is set to start adding Chinese debt to its benchmark global bond index, which the GPIF follows, from October. The pension fund will instead use a version of the World Government Bond Index that excludes Chinese government bonds, Hiroshi Nagaoka, an official at the pension fund, told Bloomberg News. 

Minutes from a July meeting of the pension fund’s board of governors released on Wednesday showed that the members were in favor of avoiding Chinese