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Japan’s GPIF Suffers First Loss in Six Quarters as Bonds Slump

Bloomberg Markets Friday 06 November 2026, 06:45 UTC By Hideyuki Sano and Nao Sano 1 min read
Key Points

Japan’s GPIF Suffers First Loss in Six Quarters as Bonds Slump Japan’s Government Pension Investment Fund posted a loss of 1.7% in the three months through September, its first quarterly loss in six quarters, hit by a slump in global bond prices and gains in the yen. The pension fund, one of the world’s largest, lost ¥5.253 trillion ($33.3 billion) for the quarter, bringing its total assets to ¥314.4 trillion, it said Friday in Tokyo. While it had a positive return of 3.71% on Japanese...

Japan’s GPIF Suffers First Loss in Six Quarters as Bonds Slump Japan’s Government Pension Investment Fund posted a loss of 1.7% in the three months through September, its first quarterly loss in six quarters, hit by a slump in global bond prices and gains in the yen. The pension fund, one of the world’s largest, lost ¥5.253 trillion ($33.3 billion) for the quarter, bringing its total assets to ¥314.4 trillion, it said Friday in Tokyo. While it had a positive return of 3.71% on Japanese stocks, it suffered losses of 6.52% on foreign bonds, 1.80% on domestic debt and 1.86% in overseas equities.
Japan (LOCATION) Six Quarters as Bonds Slump (ORG) Government Pension Investment Fund (ORG) Tokyo (LOCATION) Japanese (ORG)
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