A Big Stock Buyer Has Stopped Buying

A few years ago, the Japanese government made an announcement that went unnoticed by many market pundits. Since then, although there have been a few strategists who have speculated on its impact on risk assets, on the whole, it's not something that gets a tremendous amount of attention. And that's a mistake because it has had an immense effect on markets.In October of 2014, the world's largest pension plan, the enormous Japanese GPIF (Government Pension Investment Fund) reported a dramatic shift in their asset mix.