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Kuwati Investment Authority to triple its invesments in Japan

August 3, 2008
By Ken Worsley


According to this morning’s Nikkei, the Kuwati Investment Authority has announced plans to triple the size of its investment in Japan, to $48 billion. The KIA has said that it intends to make investments in both real estate and equities. Such a move would bring between 20 to 25% of the fund’s global investment to Japan. The KIA is believed to be seeking value in firms that are expanding their operations in the Chinese market, and it has been speculated that the fund may be interested in taking up holdings in automotive firms.

Filed Under Equity Markets, Finance 

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Comments

8 Responses to “Kuwati Investment Authority to triple its invesments in Japan”

  1. Contrarian on August 4th, 2008 10:22 am

    Ken:

    I don’t have access to nikkei. Does it say anything about a time period over which these investments will take place?

    Cheers,
    Matt

  2. Ken Worsley on August 4th, 2008 11:35 am

    It doesn’t say. I checked the Japanese version as well and it doesn’t say either, it just looks like the English is a straight translation.

  3. J on August 5th, 2008 1:44 pm

    this is probably done to hedge against the dollar, invest in Euro, Yen, hell even the Zimbabwe dollar will be worth more than the U.S dollar in a year!

  4. Contrarian on August 6th, 2008 5:52 am

    I’m not sure how investing in the yen would be a good hedge against a falling dollar. The BOJ is an indefatigable dollar supporter.

  5. WG on August 12th, 2008 12:04 am

    And hedge funds looking to short Japan will be happier once Nikko Cordial starts loaning shares out to them.

    What would Bud Fox’s dad say?

  6. tradeflow21.com » Blog Archive » Sovereign wealth per capita on August 18th, 2008 7:30 am

    […] significant increases to their allocations. Earlier this month, Kuwait (KIA) announced plans to triple its investment in Japan to $48B.  On the flip side, it goes without saying that there are tremendous implications for SWF […]

  7. yusuf zakari edego on February 22nd, 2009 7:24 am

    can you buy land in nigeria?

  8. Ken Worsley on February 22nd, 2009 5:10 pm

    If I wanted I’m sure I could find a way.

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