Japan Pension Fund Logs Record 14.8-T.-Yen Loss in Oct.-Dec.
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Tokyo, Feb. 1 (Jiji Press)--Japan's Government Pension Investment Fund said Friday that it incurred a record quarterly investment loss of 14,803.9 billion yen in October-December last year.
It was the fund's first investment loss in three quarters. The investment yield during the third quarter of fiscal 2018 came to minus 9.06 pct, also the worst quarterly performance.
Stock appraisal losses ballooned on equity market routs reflecting the U.S.-China trade dispute.
For April-December, the GPIF posted an investment loss of 6,766.8 billion yen.
In a statement, President Norihiro Takahashi said stock markets in and outside Japan slumped on strong risk aversion due chiefly to worries about the course of the global economy and corporate earnings.
[Copyright The Jiji Press, Ltd.]