Pension fund logs ¥10 tril. gain in FY 2021
17:20 JST, July 2, 2022
TOKYO (Jiji Press) — Japan’s Government Pension Investment Fund said Friday that it logged a net investment gain of ¥10,092.5 billion in fiscal 2021 through March, securing a profit for the second straight year.
The gain is attributed to a sharp rise in foreign stocks on expectations for an economic recovery from the novel coronavirus fallouts.
Due to higher interest rates so far this year, however, the public pension fund logged an investment loss in January-March for the first time in eight quarters. The GPIF put the appraised value of its Russia-related assets at “zero in principle” after sanctions imposed for Russia’s invasion of Ukraine made transactions involving such assets difficult.
At the end of March last year, the GPIF held Russia-related assets worth about ¥220 billion.
The impact of the valuation change on overall investments is “not large,” GPIF President Masataka Miyazono said.
"BUSINESS" POPULAR ARTICLE
BOJ Ueda: Japan Increasingly Likely to Hit Inflation Target
Exports of Nishikigoi Carp to China Halted; Permits for Japanese Aquaculture Facilities By China Have Expired
Japan April-Sept. Current Account Surplus Hits Record High
Food, Beverage Price Hikes Show Signs of Easing; Fuel Prices, Consumer Frugality Slowing Down Price Rises
Japan 2023 Food Exports Reach 1 Tril. Yen at Record Pace
JN ACCESS RANKING
- BOJ Ueda: Japan Increasingly Likely to Hit Inflation Target
- Japan April-Sept. Current Account Surplus Hits Record High
- Japan 2023 Food Exports Reach 1 Tril. Yen at Record Pace