Japan's GPIF Logs 9.1-T.-Yen Loss for July-Sept.
Tokyo, Nov. 1 (Jiji Press)--Japan's Government Pension Investment Fund said Friday that it suffered an investment loss of 9,127.7 billion yen in the July-September quarter.
The pension fund was in the red on a quarterly basis for the first time since July-September 2023.
The latest loss was attributed to the yen's strengthening against other major currencies and stock price falls, following the Bank of Japan's interest rate hike and amid uncertainty over the U.S. economy.
(2024/11/01-18:35)
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