Japan Pension Fund GPIF Records Record High Earnings of 310 Trillion Won Last Year

The Government Pension Investment Fund (GPIF), an independent administrative institution that manages and operates Japan's major public pension assets, recorded its highest annual return ever last year, according to a report by Nihon Keizai Shimbun (Nikkei) on the 3rd.

GPIF's Asset Allocation at the End of Last Year

GPIF announced the previous day that its investment return from October to December last year was 5.7287 trillion yen (approximately 51.7 trillion won), achieving a 2.62% rate of return. Nikkei reported that, combining quarterly results, GPIF's total annual return for 2023 was 34.3077 trillion yen (approximately 309.6 trillion won), marking a record high. The newspaper cited "the benefits of rising stock prices" as a factor behind GPIF's strong returns, explaining that "the return on foreign stocks was 4.91%, while Japanese stocks returned 2.05%."

GPIF is an institution that manages and operates assets of Japan's public pensions, including the National Pension and Employees' Pension Insurance, similar to the National Pension Service Fund Management Headquarters in Korea. As of the end of last year, its managed assets amounted to approximately 224 trillion yen, with about 25% of assets allocated to Japanese bonds, foreign bonds, Japanese stocks, and foreign stocks respectively for investment.