Japan's GPIF posts $28 billion investment loss in Q1 on market turbulence

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TOKYO : Japan's Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) in April-June, the second consecutive quarter of negative return.

The world's largest pension fund lost 1.91 per cent during the three months, trimming its overall assets to 193.126 trillion yen, it said in a statement.

($1 = 133.3000 yen)

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