WSJ: Japanese Pension Funds Seek Safety in Gold !

• WSJ: Japanese Pension Funds Seek Safety in Gold ! 
  by Forrest Jones, http://www.moneynews.com/ 
  Japanese pension funds have begun investing in gold to shield themselves from homegrown and overseas market risks, The Wall Street Journal reported.
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  Global economic uncertainty and roiling markets are prompting Japanese pension funds, which traditionally invest in domestic stocks and bonds, to delve into gold, an attractive hedge against volatility.
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  “By diversifying currencies, we aim to reduce risks associated with them,” said Yoshi Kiguchi, chief investment officer at the Okayama Metal & Machinery Pension Fund, which has taken up small gold positions, the Journal reported. “Yields become stable if you put small amounts into as many types of holdings as possible.”
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  Of the fund’s 40 billion yen ($476 million) in assets, the fund has invested around about 500 million yen in gold, Kiguchi added. Currency risks are making gold more attractive as well.
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  The U.S. Federal Reserve has taken steps to stimulate the U.S. economy via rate cuts and trillions of dollars in liquidity injections to avoid deflationary decline and as a result, the greenback has weakened against other major currencies.
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