The Japan Government Pension Investment Fund (GPIF) has recorded a $26bn loss for the quarter ending in June as tumbles in the equity market as well as the appreciation of the yen negatively impacted the fund.
According to brecorder - this is the world’s largest public pension fund and was the first loss reported by the fund in three quarters.
It’s total size equates to over $1.3 trillion, which is on par with the Australian economy in terms of size.
