TOKYO, Feb 04 (UPI) –
Japan’s large public pension fund continued its longest ever dropping streak, reporting on Friday a $14.2 billion loss for the third quarter, its fourth straight quarter of adverse returns.
Japan’s large public pension fund continued its longest ever dropping streak, reporting on Friday a $14.2 billion loss for the third quarter, its fourth straight quarter of adverse returns.
The Government Pension Investment Fund, the world’s largest pool of retirement financial savings and the most important public investor in Japan, blamed the efficiency on the power of the dollar towards the yen which pushed down the ebook worth of its investments overseas.
Its investments outcomes replace reveals a -1% return for the quarter, $1 billion greater than it misplaced within the second quarter, as the worth of its investments plummeted amid its longest dropping streak since 2003 when it reported 4 consecutive quarterly falls.
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