Government Pension Investment FundGPIFJapan |
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| The Government Pension
Investment Fund (in short
GPIF) in
Japan is a pension fund established on April 1st, 2006 as an independent
administrative institution to manage the reserve fund of the Government
Pension Plan entrusted by the Minister of Health, Labour, and Welfare.
The size of its portfolio is well above US$900 billion, making GPIF the world-s largest pension fund: the ranking in terms of asset places the Government Pension Investment Fund before Government Pension Fund of Norway, with reserves that are more than double the ones of the second fund. Moreover, GPIF is also larger that other Sovereign Wealth Fund, like the Abu Dhabi Investment Authority, the Government Investment Corporation, the Government Pension Fund, the Libyan Investment Authority, and the State Administration of Foreign Exchange.
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The yen is the currency of Japan and it has ISO 4217 code JPY and it is indicated with the sign: ¥. The yen is the third most-traded currency after the United States dollar and the euro, and it is also used as a reserve after the US$, €, and pound sterling.
The yen decimal accounting system was adopted by the Meiji government in 1872 replacing the complex monetary system based on the mon. Subdivision of yen is the sen (1⁄100) and the rin (1⁄1000), both out of circulation since the end of 1953. The value of the yen was set equal to 0.78 troy ounces (24.26 g) of pure silver, or 1.5 grams of pure gold.
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