(Update) Japan's GPIF Logs 1.7-T.-Yen Profit in FY 2024

   Tokyo, July 4 (Jiji Press)--Japan's Government Pension Investment Fund said Friday that it posted an investment profit of 1,733.4 billion yen in fiscal 2024, which ended last March, thanks mainly to gains on foreign stocks.
   The GPIF marked a fifth consecutive year of surplus, the longest spell since it started managing public pension assets in the country in fiscal 2001.
   But the fiscal 2024 profit was significantly lower than the record high of 45,415.3 billion yen logged in the previous year mainly because of market turmoil caused by uncertainty over U.S. President Donald Trump's trade policies.
   The fund had 249,782.1 billion yen in assets under management as of the end of March. Its accumulated profit stood at 155,531.1 billion yen.
   The GPIF recorded a loss of 2,842.6 billion yen from domestic bond investments amid rising interest rates, and logged a loss of 820 billion yen from domestic stock investments.

(2025/07/04-20:07)