Recommendation to improve the management of public funds and pensions

Government appointed panel recommends changes to public and quasi-public funds (including the GPIF,  the largest pension fund in the world) with the intention to introducing a encouraging a more sophisticated investment strategy and risk management structure by these funds. 

http://www.cas.go.jp/jp/seisaku/koutekisikin_unyourisk/pdf/e_final_report.pdf