Govt Pension Performance Sank To Minus 0.25% in 2010

The Government Pension Investment Fund (GPIF) reported its yield from fiscal 2010 sank to minus 0.25%, a sharp deterioration from the positive 7.91% of the year before. GPIF blamed the weak performance on the falling value of foreign bonds and domestic stocks as a result of the yen's prolonged strength and the March 11 earthquake. The GPIF's assets under management were 116 trillion yen at the end of fiscal 2010.