World’s largest pension fund posts $4.5bn loss

November 2, 2023

Japanese state fund blames poor performance of domestic bond holdings

PUBLISHED : 2 Nov 2023 at 15:51

The continuing strength of the US dollar, which has gained 15% against the Japanese yen this year, is taking a toll on Japanese assets. (Photo: Bloomberg)

TOKYO – Japan’s state pension fund, the world’s largest, posted a loss of ¥683.2 billion ($4.5 billion) on total assets during the three months through September as its holdings of domestic debt…