Japan's GPIF Could Sell $62 Billion Of Treasuries

06:32 PM EDT, 09/11/2026 (MT Newswires) -- Japan's Government Pension Investment Fund could sell as much as $62 billion of US Treasuries without a formal asset-allocation policy review, analysts at Banco Santander said in a note, Bloomberg reported Friday. The GPIF's current policy gives managers flexibility to reduce foreign-bond exposure before any formal review, with US Treasuries facing the greatest divestment risk, the report said. Santander said the fund could begin reducing foreign-bond holdings in coming months, particularly if the Bank of Japan succeeds in reversing yen weakness through successive rate hikes, Bloomberg said.