Pension fund logs ¥10 tril. gain in FY 2021
![](https://japannews.yomiuri.co.jp/wp-content/uploads/2022/07/pension.jpg)
A office of Japan Pension Service
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
-
Aviation Fuel Shortage Causes Problems at Regional Airports; Growing Demand, Lack of Workers to Transport
-
Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
-
Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
-
AI-Equipped Energy Efficient Air Conditioners Grow In Popularity; Some Can Guess Users’ Moods, Automatically Adjust Temperature
-
Toyota to Introduce 4-Day Workweek for Some Employees; Company Hopes More Flexible Schedules Will Boost Worker Motivation
JN ACCESS RANKING