Japan’s public pension fund Government Pension Investment Fund (GPIF) raised about $59 billion through the sale of domestic bonds and foreign equities in the financial year 2010-11, Reuters reports. The fund sold Japanese bonds worth about $53.9 billion in 2010-11 as compared to $8.8 billion in 2009-10.
GPIF sold foreign equities worth about $5 billion between April and July 2009-10. The fund is seeking to raise assets for pension payouts. The fund has raised part of the shortfall with proceeds from the Fiscal Investment and Loan Program, amounting to about $32.6 billion in 2010-11.
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