FILE PHOTO: The sign of Japan's Government Pension Investment Fund is seen in Tokyo, Japan, November 16, 2018. REUTERS/Toru Hanai/File Photo
TOKYO - Japan’s Government Pension Investment Fund , the world’s largest pension fund, on Friday reported a record quarterly loss of 17.71 trillion yen in January-March after global stock markets plunged during the COVID-19 pandemic. GPIF posted a negative return of 10.71% on its overall assets during the three months, compared with a 4.61% gain in the previous quarter, it said in a statement.
The mammoth-size fund, which managed 150.6 trillion yen of assets by end-March, is closely watched by global financial markets. The quarterly loss, the biggest since GPIF started managing its assets on the market in 2001, poses a potential challenge to the new president Masataka Miyazono who took the helm in April as market uncertainity looms.
政府養老金投資資金，為何寫那麼長
While Trump boast Booming economy and great unemployment numbers. What a complete steaming pile of 🐃💩.
Who's stealing those money from Japan.
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