Japan pension whale GPIF posts $678bn in returns over 5 years

Fund's high results stem from weak yen, strong global stock performance

20250704N GPIF

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

AKIRA INUJIMA and JUMPEI KINEFUCHI

TOKYO -- Japan's Government Pension Investment Fund enlarged its assets by 98 trillion yen ($678 billion) over five years ending with fiscal 2024 while posting returns of 1.7 trillion yen, or $11.8 billion, for that final fiscal year, the fund reported on Friday.

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