Japan's GPIF posts $58.4bn loss

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JAPAN- Japan's Government Pensions Investment Fund (GPIF) saw a Y5.7trn (US$58.4bn) decline in assets in the fourth quarter of 2008 on the back of weak equity returns.

GPIF's investments returned -6.09% during the final three months of 2008 - dragged down by returns of -34% in international stocks and -21% in domestic stocks. The best performer for the pensio...

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