EquitiesJapan pension whale GPIF posts $678bn in returns over 5 years
Fund's high results stem from weak yen, strong global stock performance
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.