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Japan pension 'whale' GPIF posts longest loss streak in 20 years

High interest rates and rising yen behind poor performance

The Government Pension Investment Fund has posted losses four quarters in a row.   © Reuters

TOKYO -- Japan's Government Pension Investment Fund, one of the world's largest institutional investors, reported a fourth consecutive quarterly loss Friday, the longest such stretch in 20 years.

GPIF posted an investment loss of 1.85 trillion yen ($14.1 billion) for the October-December period, with assets under management totaling about 189.9 trillion yen at the end of the quarter. The fund's portfolio lost 0.97% in value over the three months.

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