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Japanese govt pension fund 'faces major losses'

House opposition leader criticises fund as being equity-heavy, urges cut to equity allocation

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Japan's Government Pension Investment Fund (GPIF), the biggest of its kind in the world, lost five trillion yen (S$65.5 billion) last year on its stepped-up equity investments, and losses are expected to swell with the Brexit-triggered slump in stock values, parliamentary opposition leader Katsuya Okada claimed on Friday.

Tokyo

JAPAN'S Government Pension Investment Fund (GPIF), the biggest of its kind in the world, lost five trillion yen (S$65.5 billion) last year on its stepped-up equity investments, and losses are expected to swell with the Brexit-triggered slump in stock values, parliamentary opposition