“The world’s biggest pension fund posted its worst quarterly loss since at least 2008 after a global stock rout in August and September wiped $64 billion off the Japanese asset manager’s investments. The 135.1 trillion yen ($1.1 trillion) Government Pension Investment Fund lost 5.6 percent last quarter as the value of its holdings declined by 7.9 trillion yen, according to documents released Monday in Tokyo. That’s the biggest percentage drop in comparable data starting from April 2008. Fund executives have argued that holding more shares and foreign assets is a better approach as Prime Minister Shinzo Abe seeks to spur inflation that would erode bonds.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Japan should let elderly ‘hurry up and die’: finance minister Taro Aso
Renewed fear of global recession as companies rein in spending plans
JFK files: Last living link to assassination drops bombshell
The Beginnings of a Chinese Banking Crisis?
Boston Dynamics' robots can now run, jump and climb
'Every Person Is Afraid of the Drones': The Strikes' Effect on Life in Pakistan
Gold nugget weighing 5.5 kg discovered in Australia
UK to double number of drones in Afghanistan
Egyptian protesters set fire to Muslim Brotherhood headquarters
Millions of Americans might need passports to fly domestic in 2016
Iraq Kurds reach out to Baghdad to fight surging al Qaeda
NSA’s Prism Could Cost Global IT Service Market $180 Billion
Chinese Binge on Hong Kong Stocks Rescues City's Flagging Bonds
Ex-Navajo police officer sentenced for sex abuse
Seizing Children From Parents at the Border Is Immoral. What Can We Do About It?