The Japanese Government Pension Investment Fund lost in the second quarter of 3.9 percent. the value to $ 1.3 trillion. Thus they were wiped out profits of $ 41 billion reached earlier within six quarters starting in October 2014., The month in which the fund has decided to invest half of the funds in equities.
The quarterly loss amounted to almost as much as for the past fiscal year, 53 billion USD, which turned out to be the worst since the global financial crisis.
Japanese equities fund lost in the last quarter 7, 4 per cent., and the benchmark Topix index dived 7.5 percent. More than 80 per cent. local joint-stock investment fund is passive. Meanwhile, shares of foreign companies lost 7.8 percent., Foreign debt became cheaper by 8 per cent., And the yen appreciated against the dollar by as much as 9.1 percent. The only asset class, which recorded an increase to domestic bonds, which gained in value, while the Bank of Japan implemented a negative rate, and thus pushed down yields.
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