Japan’s Government Pension Investment Plan has named Kazuto Uchida as its new head.
As a former Mitsubishi UFJ Financial Group economist, Uchida will take on the role on April 1 for a five-year term. Uchida will be responsible for achieving limited risk returns, considering Japan’s aging population and high cost of living due to inflation.
As of March, Japan’s Government Pension Investment Plan had more than ¥260 trillion ($1.7 trillion) in total assets under management.
