Japan pension giant GPIF logs $4.5bn quarterly loss

Rising interest rates weigh on fund's holdings of domestic bonds

20231102N GPIF

Japan's Government Pension Investment Fund is one of the world's largest institutional investors. (Photo by Nikkei)

AKIRA INUJIMA, Nikkei staff writer

TOKYO -- Japan's Government Pension Investment Fund on Thursday announced an investment loss of 683.2 billion yen ($4.5 billion) for the July-September period, suffering its first negative return in three quarters amid falling bond prices.

The GPIF manages 219 trillion yen in assets, including stocks and bonds, making it one of the world's largest institutional investors. It had logged a record 18.98 trillion yen gain in the April-June period.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.