TOKYO -- Japan's Government Pension Investment Fund reported Friday a negative investment return of more than 14.8 trillion yen ($135 billion) for the October-December period, its biggest quarterly loss since it started putting pension money into the market in fiscal 2001.
Falling share prices around the world took a toll amid such uncertainties as the Sino-American trade war and political developments in Europe. The GPIF's cumulative returns of 56.7 trillion yen enable it to keep the pension system running despite the heavy loss.
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
