Japan Picks Ex-MUFG Economist to Lead $1.7 Trillion GPIF

Japan named Kazuto Uchida, a former Mitsubishi UFJ Financial Group Inc. economist, as the head of the Government Pension Investment Fund.

Bond market veteran Uchida will take over from current President Masataka Miyazono on April 1 for a five-year term to manage one of the world’s largest pension funds with total assets of ¥260 trillion ($1.72 trillion), Japan’s health ministry said on Tuesday. Uchida is a graduate of Keio University.