GPIF earns of japan $118 billion in first-quarter returns as stock markets rally

bank of japan currency intervention

Government Pension Investment Fund (GPIF) of Japan said on Friday it earned a first-quarter investment return of 12.49 trillion yen ($118.4 billion) as global stock markets rallied, following its record quarterly investment loss in the previous quarter.

Read MoreGPIF earns of japan $118 billion in first-quarter returns as stock markets rally