GPIF Has Worst Loss Since 2020 as Yen Gain Hits Assets Abroad

GPIF Has Worst Loss Since 2020 as Yen Gain Hits Assets Abroad

Japan's Government Pension Investment Fund faced its largest quarterly loss since 2020 due to a rebound in the yen, impacting overseas securities and domestic stocks. GPIF saw a 3.6% loss in three months, with only domestic debt showing positive returns.

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