• Bloomberg

  • SHARE

A record quarterly loss at the world’s largest pension fund is prompting a debate on whether its shift to stocks from bonds was excessive.

Domestic debt held by Japan’s Government Pension Investment Fund returned 1 percent in the three months ended Dec. 31, while the nation’s stocks erased 18 percent of their value, a GPIF statement showed on Feb. 1. The fund lost a record ¥14.8 trillion ($135 billion), or 9.1 percent.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)