Japan’s Government Pension Investment Fund (GPIF)

The yen has fallen more than 12% against the US dollar this year.

SINGAPORE (July 8): “Large organisations respond to leadership, not administrative heads and not managers but leaders, and Iacocca was a brilliant leader.” — Long-time car industry executive Bob Lutz, describing his mentor Lee Iacocca, who led Ford,

TOKYO (Aug 26): The world’s biggest pension fund posted a US$52 billion ($70 billion) loss last quarter as stocks tumbled and the yen surged, wiping out all investment gains since it overhauled its strategy by boosting shares and cutting bonds.