Japan’s Government Pension Fund has assets worth ¥245.98 trillion ($1.53 trillion) at the end of March, Hideyuki Sano and Nao Sano reported for Bloomberg.
For the three months through March, the fund posted a 9.5 percent return but came in with fewer assets than Norway’s 17.719 trillion krone ($1.677 trillion) fund.
For the total fiscal year, the GPIF posted a record ¥45.4 trillion ($282.3 billion) return.
Since Masataka Miyazono became GPIF’s president in April 2020, the fund’s assets have increased by more than 50 percent. His tenure ends in March.
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