Japan's National Business Pension Fund Allocates 1% to Crypto Hedge Against Dollar Decline

According to Nikkei Shimbun, Japan's National Business Pension Fund in Okayama plans a 1% crypto allocation worth approximately $1.36 million in FY2026. The fund, which manages about $136 million and serves over 20,000 members, will gain exposure through passive multi-asset funds run by major hedge funds rather than direct crypto purchases.

The fund is reducing yen exposure from 80% to 70% while increasing developed market currencies by 10% and allocating roughly 5% combined to emerging market currencies, gold, and crypto. Officials cited crypto's low correlation to the dollar index as a hedge against currency depreciation and a potentially weakening dollar reserve status, rather than a short-term price bet.