Japan pension giant GPIF delivers record $280bn annual return

Fund under pressure to generate bigger gains as wage growth picks up

20240705N GPIF Pension Money REUTERS

Japan's Government Pension Investment Fund benefitted from rising stock prices and a weak yen. © Reuters

AKIRA INUJIMA, Nikkei staff writer

TOKYO -- A global stock rally powered a year of record returns for Japan's Government Pension Investment Fund, one of the world's biggest institutional investors, which is likely to face a higher bar for gains as wages rise.

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