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Japan pension fund posts record return as stocks rally

YEN FOR PROFIT: The yen's 14% decline against the US dollar has helped overseas equities provide a 22% return.


JAPAN'S US$1.1 trillion retirement fund posted its best annual return on record, buoyed by gains in stocks and a weaker yen.

The Government Pension Investment Fund (GPIF) delivered a 12 per cent return in the year ended March 31, the most since its 2001 inception, it said in...

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