Key PointsGPIF lost JPY5.25 trillion (US$33 billion) in July–September, including JPY5.23 trillion on foreign bonds, although first-half gains remained positive at JPY18.84 trillion, or 6.42%.The fund maintained its four-way 25% strategic allocation despite government interest in domestic investment, with estimated purchases of JPY3.3 trillion in foreign bonds exceeding JPY1.4 trillion...
Key PointsGPIF lost JPY5.25 trillion (US$33 billion) in July–September, including JPY5.23 trillion on foreign bonds, although first-half gains remained positive at JPY18.84 trillion, or 6.42%.The fund maintained its four-way 25% strategic allocation despite government interest in domestic investment, with estimated purchases of JPY3.3 trillion in foreign bonds exceeding JPY1.4 trillion...