Japan’s GPIF posts record quarterly loss of $165bln as virus hits stocks – ZAWYA

Japan’s GPIF posts record quarterly loss of $165bln as virus hits stocks – ZAWYA

Japan's GPIF posts record quarterly loss of $165bln as virus hits stocks | ZAWYA MENA Edition HomeMarketsArticleJapan's GPIF posts record quarterly loss of $165bln as virus hits stocks GPIF posted a negative return of 10.71% on its overall assets during the three months    A man wearing protective face mask, following an outbreak of the coronavirus disease (COVID-19), stands in front of a stock quotation board outside a brokerage in Tokyo, Japan, March 10, 2020. Image used for illustrative purpose.TOKYO  - Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, on Friday reported a record quarterly loss of 17.71 trillion yen ($164.74 billion) in January-March after global stock markets plunged during the COVID-19 pandemic.GPIF posted a negative return of 10.71% on its overall assets during the three months, compared with a 4.61% gain in the previous quarter, it said in a statement.The mammoth-size fund, which managed 150.6 trillion yen of assets by end-March, is closely watched by global financial markets.GPIF posted a negative return of 10.71% on its overall assets during the three months, compared with a 4.61% gain in the previous quarter, it said in a statement.TOKYO  - Japan's Government Pension Investment Fund (GPIF), the world's largest