GPIF posts 4.4 trillion yen in July-Sept. investment returns

November 2, 2017

TOKYO- Japan's Government Pension Investment Fund said Thursday that it posted 4,451.7 billion yen in investment returns in July-September, marking the fifth straight quarter of black ink.

The investment yield for the quarter stood at 2.97 percent.

The strong performance stemmed from high stock prices worldwide mainly on the back of robust corporate earnings.

The GPIF earned a profit of 1,795.9 billion yen on its investment in Japanese stocks and 2,034.9 billion yen from overseas stocks in the period, thanks to surges in stock prices. Japan's benchmark 225-issue Nikkei average ended the quarter above the 20,000 threshold, while the Dow Jones industrial average topped 22,000. Jiji Press