– Japanese Government Squanders Pension Funds On Failed Stocks As Losses Reach $130 Billion In Past Year:
Nearly two years ago we wrote about how the largest pension fund in the world had been hijacked by political hacks in what would be a futile effort to prop up stocks in the “first failed Keynesian state, Japan.” Today’s announcement of $52 billion of losses in 2Q 16 kind of confirms our point.
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