Japan GPIF Logs Best Return Since March 2024 on Weak Yen, Stocks
An elderly lady in the Toshima district of Tokyo, Japan.
Photographer: Soichiro Koriyama/BloombergJapan’s Government Pension Investment Fund notched its best performance since the quarter ended March 2024, with global equities and favorable currency swings boosting returns.
The state pension fund, one of the world’s largest, gained 5.52% or ¥14.447 trillion ($94.1 billion) in the three months ended September, with assets totaling ¥277.6 trillion, according to a statement released Friday. For Japan alone, investments returned 11.0% on stocks and lost 1.4% on bonds. Overseas shares added 9.8%, while foreign bonds rose 3.0%.