Can GPIF maintain its groundbreaking 25% return?

The global stock rally that coincided with Japan’s Government Pension Investment Fund (GPIF)’s financial year contributed to its record return, but the same is unlikely to happen this year, both the fund and experts say. GPIF on July 2 announced a record return of ¥37.8 trillion ($341 billion), or 25.15%, for its fiscal year that ended in March, a dramatic rebound from a 5.2% loss in fiscal 2019 that had been dragged down by the global equities slump. This is the pension fund’s …