Posted inJapanNortheast Asia

Japan’s pension ‘whale’ harpooned by Abenomics

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 […]