TOKYO- Japan 's Government Pension Investment Fund said Friday that it posted 7,936.3 billion yen in investment returns in fiscal 2016, which ended in March, the first profit in two years.

The robust performance came as domestic and overseas stocks surged in October-December thanks to hopes for stimulus measures by Donald Trump, who was elected US president in November. In the third quarter, the public pension fund generated some 10,497.1 billion yen in profits.

In January-March, the GPIF posted a profit of 298.8 billion yen. In the final quarter, it managed to gain profits from domestic and foreign stocks although the market's bull run came to a halt, while suffering losses from investment in Japanese and overseas bonds. (Jiji Press)