“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:
Hospitals bribed by NHS to put patients on pathway to death
A decorated Navy SEAL abused a 5-year-old and filmed it
Slump in gold price releases years of pent-up retail demand
Swann home security camera sends video clips to random people
Germany Said to Review ‘No-Spy’ Buying Rules Amid U.S. Row
Police, Looking for 6 Foot 270 lb Black Man, Shoot 2 Asian Women Delivering Newspapers
Biden calls Ecuador’s president about NSA leaker Snowden
Lawyer arrested for advising stranger of his constitutional rights awarded $43,000
Ireland Lobbies to Have Europe Share Banking Risk
More than 200 dead, 2,000 wounded as Egyptian security forces crush protesters
The disappearing allure of the safe deposit box [2014]
HealthCare.gov: How political fear was pitted against technical needs
Police chief, police captain, firefighter sentenced for child sex offenses
Indian forces shoot six Kashmir protesters dead
FL Highway Patrol Trooper arrested for fabricating arrest reports