Abenomics harpoons Japan’s pension ‘whale’ | WHAT REALLY HAPPENED


Abenomics harpoons Japan’s pension ‘whale’

If Japan’s Prime Minister Shinzo Abe wonders about the cost of delaying vital reforms for six-plus years now, he has a Hungary-sized demonstration.

Japan’s Government Pension Investment Fund, the world’s largest of the genre, just posted a record $136 billion loss. That’s roughly equivalent to Hungary’s annual gross domestic product. With $1.39 trillion of total assets left, “The Whale,” as locals call it, could be the investment world’s biggest Abenomics casualty.

Tags:

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA