World’s Largest Pension Suffers $50 Billion Investment Loss in FY 15-16: Report

An anonymous source claiming direct knowledge of the matter told Reuters that Japan’s Government Pension Investment Fund suffered more than a $50 billion dollar portfolio loss in the last fiscal year (15-16), owing to the surge of the yen as Tokyo stocks crashed.

Reuters, via CNBC, elaborates:

Portfolio losses for the Government Pension Investment Fund for the 12 months through March were between 5 trillion and 5.5 trillion yen, the person told Reuters on Friday, speaking on condition of anonymity as the results are not public.

The $1.4 trillion GPIF has taken a more aggressive investment stance in recent years, shifting towards stocks and away from low-yielding Japanese government bonds, in line with Prime Minister Shinzo Abe’s push to deploy more of Japan’s huge financial assets in riskier investments and boost economic activity.

These results will reportedly be made public on July 29, 19 days after the country’s national election.

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