Japan's public pension fund -- the world's biggest -- said Friday it will double the amount of equities in its investment portfolio, as it seeks higher returns to cope with a rapidly ageing population. The unprecedented shift by the $1.26 trillion Government Pension Investment Fund (GPIF) will see stocks account for a combined 50 percent of its portfolio, up from about 24 percent now, pumping billions of dollars into domestic and overseas share markets. "The new portfolio is designed to make the fund operate more effectively as the economy emerges from deflation," the fund's president Takahiro Mitani told a press conference in Tokyo. "We're trying to generate long-term returns necessary for the fund's operation -- but with the least risk -- by diversifying its investment mix."
JERUSALEM (AP) — Israel reopened a contested Jerusalem holy site on Friday and deployed more than 1,000 security personnel following clashes the previous day between Palestinians and Israeli riot police that had ratcheted up already heightened tensions in the city.
MONROVIA, Liberia (AP) — Liberia has opened one of its largest Ebola treatment centers yet in Monrovia, bracing for a new wave of infections even as officials express hope the disease is on the decline.