Pension Funds: Gpif Statement and Fund

pension funds: The fund lost a record 14.8 trillion 135 billion or 9.1 percent. ; While stocks helped the fund boost returns in the previous two fiscal years, the loss may provide ammunition for critics of Prime Minister Shinzo Abe, who backed a review of GPIF's strategy that led it to put about half of its assets in equities and cut domestic bonds in 2014, according to The Japan Times. Akira Koike, head of the secretariat of the Japanese Communist Party, said via Twitter on Feb. 1 that nobody is taking responsibility for the loss. Domestic debt held by Japan's Government Pension Investment Fund returned 1 percent in the three months ended Dec. 31, while the nation's stocks erased 18 percent of their value, a GPIF statement showed on Feb. 1. Pension funds were used to boost stocks and showcase Abenomics, he said. Opposition parties may use the loss as a good tool to criticize Abenomics. There's a possibility that GPIF's strategy has leaned toward taking too much risk, said Hiroaki Muto, the chief economist at Tokai Tokyo Research Center. (news.financializer.com). As reported in the news.