This is an AI translated post.
Japan's Public Pension Fund Posts Record High Investment Return of 45 Trillion Yen (ANN)
- Writing language: Korean
- •
-
Base country: Japan
- •
- Economy
0000-00-00 00:00:00
Select Language
Summarized by durumis AI
- The GPIF, which manages Japan's public pension fund, achieved a record high investment return of 45 trillion yen last year, marking the fourth consecutive year of profit.
- The high return rate is attributed to rises in domestic and overseas stock markets and the weakening of the yen, which is expected to contribute to the stability of pension finances.
- The GPIF will continue to invest in a diversified range of assets, expand ESG investments, and actively address global issues like climate change.
GPIF (Government Pension Investment Fund), which manages Japan's public pension funds, announced that its investment returns reached a record high of approximately 45 trillion yen last year (fiscal year 2023). According to GPIF, the profit last year was 45.4153 trillion yen, exceeding the previous record of 37.8 trillion yen in fiscal year 2020. This is the fourth consecutive year of profits. The rate of return was 22.67%, the second highest ever. Since it began market operations in 2001, the cumulative profit has reached 153.7976 trillion yen. Masaaki Miyazono, the president, said, "We were able to achieve high returns thanks to the rise in domestic and overseas stock markets and the weakening of the yen. We want to continue to contribute to the stability of pension finances." In the "financial verification" announced by the Ministry of Health, Labour and Welfare on March 3rd, which estimates the level of public pension benefits every five years, the proposal to extend the national pension payment period by five years was withdrawn, reflecting the favorable performance of fund management.
GPIF uses the profits earned through fund management for pension benefits, which is considered a major contribution to the long-term stability of pension finances. GPIF is committed to generating stable returns through a strategy of diversified investment in a variety of assets, including domestic and foreign stocks and bonds.
GPIF is also expanding ESG (environmental, social, and governance) investments, considering the sustainability of investee companies, and is working to address global issues such as climate change. These efforts are expected to continue in the future.
