A recent Reuters poll indicated that Japanese fund managers had increased their asset allocations to both shares and bonds while at the same time decreasing cash positions. This was in response to Japanese easing of monetary values to support global asset prices.
In a poll conducted between January 17 and 23, 2013, Japan based fund managers have not responded positively to Japanese Prime Minister Shinzo Abe's efforts to boost the economy by relaxing the money supply.
The equities allocations of these fund managers increased from 40.7% to 41.1% in December, while bond allocations also increased from 52% to 52.2% also for the same period. The cash allocations declined from 4.6% to 4.0%.
In the equities market, Japan based fund managers increased their Asian shareholdings by 12.5%, the highest in three quarters from just 11.6% in December 2012. There was some caution though regarding US shares, with allocations falling from 33.2% to 31.6%
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