Japan’s Government Pension Investment Fund (GPIF) reported a record profit of JPY45.42tr (USD283bn) for the fiscal year ending March 2024, achieving a 22.67% return on investments. This marks the fourth consecutive year of gains, propelled by rising share prices and a weaker yen enhancing the value of foreign assets. With assets totaling JPY245.98tr, GPIF is among the world’s largest institutional investors. The fund, addressing the needs of Japan’s ageing population, strategically balances its investments across Japanese and foreign stocks and bonds. Despite overall growth, GPIF’s Japanese bonds portfolio experienced a JPY1.14tr loss due to rising yields and reduced monetary stimulus from the Bank of Japan. Gains were noted in Japanese stocks, foreign stocks, and foreign bonds.