Japan’s GPIF is right — short selling is downright irresponsible
When the Japanese Government Pension Investment Fund (GPIF) announced it was going to stop stock lending, the decision was met with a mixed response from commentators.
Among them was a damning conclusion from the Financial Times’ Lex column, which suggested this was another example of Japan Inc “scoring an own goal”. I could not disagree more.
The GPIF is one of very few major financial institutions not only to have thought through its own broader responsibilities but also to have put its principles before easy practice.
Read more @FT
