Pension giant GPIF to invest in Japanese startups for first time

Pension giant GPIF to invest in Japanese startups for first time

FILE PHOTO: The sign of Japan's Government Pension Investment Fund (GPIF) is seen after a news conference in Tokyo, Japan, April 1, 2016. REUTERS/Thomas Peter/File Photo

Japan’s Government Pension Investment Fund, one of the world’s largest institutional investors, will begin investing in Japanese startups in order to give the sector a boost, Nikkei has learned.