Faced another quarterly loss in late 2024, its worst in over four years, due to losses in foreign bonds and foreign/domestic stocks.
Primary drivers included a sustained market selloff in tech stocks following coordinated strikes between the US, Israel, and Iran in February 2026. : World’s Largest Pension Fund Lost the Equivalen...
In March 2026, the deficit for major public pension plans increased by in a single month. Shift in Rankings : Faced another quarterly loss in late 2024, its
The world’s largest pension funds – 2025 - Thinking Ahead Institute its worst in over four years
The fund has since recovered significantly, booking a in the October–December 2025 quarter, despite 1.53 trillion yen in losses on domestic bonds. Wider Industry Impact and Trends Broad Market Declines :