Japan's GPIF posts ¥5.25 trillion quarterly loss, its first in six quarters
Japan's Government Pension Investment Fund announced a 1.65% investment loss of ¥5.2533 trillion for July–September, its first quarterly loss in six quarters. Falling global bond prices and yen appreciation weighed on performance. Foreign bonds lost 6.52%, while Japanese equities were the only major asset class with a positive return, gaining 3.71%. Assets under management stood at ¥314.3876 trillion at the end of September.