Japan’s public fund shows negative returns
In past 5 quarters Japan’s public fund have posted negative returns for the first time due to falls in global share prices and a rise in the yen.The GPIF(Government Pension Investment Fund)stated that rate of return on its investments fell to minus 2.94 percent in April-June from plus 1.29 percent in the prior quarter.
In value terms, the performance translated to a loss of 3.59 trillion yen ($42 billion) in April-June, against a profit of 1.55 trillion yen the previous quarter. Total assets fell to 116.8 trillion yen as of the end of June from 122.8 trillion yen in March.
http://www.reuters.com/article/idUSTKG00684620100830
Bank of Japan is expanding bank- loan program after the yen surged to a 15-year high.BOJ is looking to inject the amount of funds in the facility by 10 trillion yen ($116 billion) to a total of 30 trillion.