Japanese pension giant GPIF records $16b Q4 loss on stock slides

Japanese pension giant GPIF records $16b Q4 loss on stock slides

Signage is displayed at the entrance to the Government Pension Investment Fund (GPIF) headquarters in Tokyo, Japan, on Friday, July 29, 2016. Photographer: Tomohiro Ohsumi/Bloomberg

Japan’s Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 2.2 trillion yen ($16.33 billion) in January-March as higher U.S. interest rates and the war in Ukraine rattled the global financial markets.