---
title: "Société Générale stated that Japan's GPIF can still purchase up to USD 76 billion in Japanese government bonds even if it does not change its asset allocation"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292631164.md"
description: "A report from Societe Generale indicates that Japan's GPIF, without adjusting its asset allocation, could increase its holdings of domestic bonds by up to $76 billion if it raises the proportion of domestic bonds from 26.9% to the upper limit of 31%. This move is expected to provide support for the Japanese bond market"
datetime: "2026-07-14T13:05:37.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292631164.md)
  - [en](https://longbridge.com/en/news/292631164.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292631164.md)
---

# Société Générale stated that Japan's GPIF can still purchase up to USD 76 billion in Japanese government bonds even if it does not change its asset allocation

\[Bloomberg\] - Société Générale stated that Japan's Government Pension Investment Fund (GPIF) has room to purchase up to 12.3 trillion yen (76 billion USD) in Japanese government bonds without changing its asset allocation, which could provide support for the bond market.

Strategists including Stephen Spratt noted in a report that Société Générale estimates that if this largest global pension fund gradually increases its domestic bond holdings from 26.9% as of the end of March to the current upper limit of 31%, it could achieve the aforementioned increase in scale

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