Nikkei reports: Sovereign wealth funds buying more Japanese stocks

By: Eamonn Sheridan

The Nikkei is carrying an article today headlines "Sovereign wealth funds buying more Japanese stocks" Sovereign wealth funds are stepping up their purchases of shares of Japanese companies Seen as having raised their growth potential due to continued restructuring and the economic policies of Prime Minister Shinzo Abe Government Pension Fund of Norway, held about 3.7 trillion yen ($35.9 billion) in Japanese shares at the end of last year, double the level of a year earlier, according to a recent report from Norges Bank, the country's central bank, which manages the fund. T The Norwegian fund also owns 2.4 trillion yen of Japanese government bonds. Saudi Arabian Monetary Agency owned about 230 billion yen in Japanese shares at the end of last September, more than double the level six months prior The Nikkei adds: Sovereign wealth funds are often long-term shareholders, owning shares for five to 10 years. - Old data quoted in the article ... wonder if these guys still have 'em of whether they were playing short-term momentum (tongue in cheek)