TOKYO Aug 31 Japan's public pension fund, the
world's largest, suffered an investment loss of $26 billion in
April-June, its first loss in three quarters, as the yen's
strength and falls in domestic and foreign equities hurt its
The Government Pension Investment Fund (GPIF), under
pressure to raise returns to cope with a rapidly ageing
population, is closely watched by global markets given the size
of its $1.37 trillion portfolio, which is equivalent to the
economy of Australia, the world's 13th-largest.
The GPIF posted a negative return of 1.85 percent in
April-June, a sharp reversal from a positive return of 5.11
percent for the previous quarter.
The performance translates into an investment loss of 2.069
trillion yen ($26.34 billion), compared with a gain of 5.48
trillion yen in January-March.
Total assets under management fell to 108.2 trillion yen by
the end of June compared with 113.61 trillion yen in March.