Latest results and they're not good

  • JPY 7.9trln loss in Q3
  • biggest on record
  • domestic equities down JPY 4.3trln, foreign equities down JPY 3.6trln
  • Japan equities weighting 21.35% at end-Sept vs 23.39% in June
  • foreign equities weighting 21.64% at end-Sept vs 22.32% in June

Chief cab sec Suga was paving the way for the bad news earlier

Government Pension Investment Fund is the world's largest