Japan’s GPIF earns $133 bln in Q2 of 2023

Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, posted record gains in the second quarter of 18.98 trillion yen ($133 billion) buoyed by sound performance in stock investment.

The value of the GPIF’s assets increased by 9.5 percent in the second quarter to 219.17 trillion yen. Stock prices surged also in Japan as investors welcomed market reforms at the Tokyo Stock Exchange.

The value of the Fund’s foreign shares increased 15.4 percent, while the value of foreign bonds increased 8.1 percent and Japanese bonds increased 0.4 percent during the second quarter.