Japan’s Government Pension Investment Fund is expecting the amount of asset sales to cover pension payout deficits in the next financial year to be similar to the current year’s estimate, Reuters reports. The current year’s amount was estimated to be $80.5 billion. Takahiro Mitani, Chairman of the Japanese pension fund, does not see asset sales increasing sharply in the year to March 2013. For the past financial year that ended in March 2011, the fund had forecast that it would sell over $74.7 billion in assets to generate cash for payouts.
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