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((Short description|Administrative agency in Japan))
((more footnotes|date=November 2013))
((More citations needed|date=November 2022))
((Infobox company
| name = Government Pension Investment Fund
| logo = GPIF Logo.png
| logo_size = 
| image = Toranomon_Hills.JPG
| image_caption = Headquarters at [[Toranomon Hills]]
| native_name = 年金積立金管理運用独立行政法人
| type = [[Pension fund]]
| location = [[Toranomon Hills]], [[Toranomon]], [[Minato, Tokyo|Minato]], [[Tokyo]], [[Japan]]
| foundation = 2006
| industry = [[Financial services]]
| aum = ((increase)) ((JPYConvert|196.6|t|year=2022|lk=on))<ref>((cite web|url=https://www.gpif.go.jp/en/investment/GPIF_ESGREPORT_FY2021.pdf|title=GPIF’s Investment Style|page=in PDF on Page 3 in part 2|website=www.gpif.go.jp|date=March 31, 2022))</ref>
| key_people = Masataka Miyazono (President)
| homepage = ((URL|https://www.gpif.go.jp/))
))
((nihongo|'''Government Pension Investment Fund'''|年金積立金管理運用独立行政法人|Nenkin Tsumitate-kin Kanri Un'yō Dokuritsu-gyōsei-Hōjin)), or '''GPIF''', is an incorporated administrative agency (an [[independent administrative institution]]), established by the [[Japan]]ese government. It is the largest pool of retirement savings in the world. Japan's GPIF is the largest public fund investor in Japan by assets and is a major proponent of the Stewardship Principles.<ref name="Sovereign Wealth Fund Institute">((cite web|url=https://www.swfinstitute.org/swf-article/chat-with-the-chief-hiromichi-mizuno/ |title=Chat with the Chief: Hiromichi Mizuno |publisher=Sovereign Wealth Fund Institute |accessdate=21 May 2018))</ref>
==Profile==
The Government Pension Investment Fund (GPIF) states that it has been established on the following investment principles:
*The overarching goal should be achieve the investment returns required for the public pension system with minimal risks, solely for the benefit of pension recipients from a long-term perspective, thereby contributing to the stability of the system. 
*The primary investment strategy should be diversification by asset class, region, and timeframe. While acknowledging fluctuations of market prices in the short term, we shall achieve investment returns in a more stable and efficient manner by taking advantage of our long-term investment horizon, whilst at the same time we shall secure sufficient liquidity to pay pension benefits.
*We formulate the policy asset mix, and manage and control risks at the levels of the overall asset portfolio, each asset class, and each asset manager. We employ both passive and active investments to benchmark returns (i.e. average market returns) set for each asset class, while seeking untapped profitable investment opportunities.
*By fulfilling our responsibilities, we shall continue to maximise medium-to long-term equity investment returns for the benefit of pension recipients.
In August 2023 the GPIF reported a record quarterly profit of ¥18.98 trillion ($133.2 billion). This strong performance was attributed to high global stock performance and the weakness of the Japanese Yen which increased overseas returns. <ref>((Cite web |last=Yamazaki |first=Makiko |date=4 August 2023 |title=Japan's GPIF posts record quarterly profit of $133 bln |url=https://www.nasdaq.com/articles/japans-gpif-posts-record-quarterly-profit-of-$133-bln |access-date=4 August 2023 |website=Nasdaq.com))</ref>

== Collaboration ==
((Prose|section|date=November 2022))
The GPIF has diversified investments with the following external asset management institutions:

((div col|colwidth=30em))
*((flagicon|United Kingdom))[[Aberdeen Asset Management]]
*((flagicon|Germany))[[Allianz Global Investors]]
*((flagicon|Japan))[[Asset Management One]]
*((flagicon|France))[[AXA Investment Managers]]
*((flagicon|United Kingdom))[[Baillie Gifford]]
*((flagicon|United States))[[BNY Mellon Investment Management]]
*((flagicon|United States))[[BlackRock]]
*((flagicon|United States))[[Capital Group Companies]]
*((flagicon|United States))[[Citigroup]]
*((flagicon|France))[[Credit Agricole]]
*((flagicon|United States))[[Dimensional Fund Advisors]]
*((flagicon|United States))[[Fidelity Investments]]
*((flagicon|United States))[[Goldman Sachs]]
*((flagicon|Netherlands))[[ING]]
*((flagicon|United States))[[Invesco]]
*((flagicon|United States))[[Janus Capital Group]]
*((flagicon|United States))[[JP Morgan]]
*((flagicon|France))[[Lazard]]
*((flagicon|Japan))[[Mitsubishi UFJ Financial Group]]
*((flagicon|Japan)) [[Mizuho Financial Group]]
*((flagicon|United States))[[Morgan Stanley]]
*((flagicon|France))[[Natixis Investment Managers]]
*((flagicon|Japan))[[Nomura Securities|Nomura]]
*((flagicon|United States))[[Northern Trust]]
*((flagicon|United States))[[PIMCO]]
*((flagicon|United Kingdom))[[Prudential plc|Prudential]]
*((flagicon|United States))[[PGIM]]
*((flagicon|Japan))[[Resona Holdings]]
*((flagicon|United States))[[Russell Investments]]
*((flagicon|France))[[Societe Generale]]
*((flagicon|United States))[[State Street Global Advisors]]
*((flagicon|Japan))[[Sumitomo Mitsui Financial Group]]
*((flagicon|Canada))[[Sun Life]]
*((flagicon|Japan))[[Tokio Marine]]
*((flagicon|United States))[[Wellington Management]]
*((flagicon|United States))[[Wells Fargo]]
((Div col end))

==See also==
* [[Pension fund]]
* [[Ministry of Health, Labor, and Welfare]]
* [[Social Insurance Agency]]
* [[National Pension (Japan)]]—mentions International (bilateral) Social Security Agreements
* [[Japan Pension Service]]

== Notes ==
((Reflist|30em))

<!-- ==References==
((Reflist)) -->

==External links==
* [http://www.gpif.go.jp/en/ Official website (English)]
* [http://www.swfinstitute.org/public-investors/government-pension-investment-fund-japan/ GPIF SWF Institute Profile]

((Independent Administrative Institutions of Japan))

((Authority control))

[[Category:Ministry of Health, Labour and Welfare]]
[[Category:Pensions in Japan]]
[[Category:Public pension funds]]
[[Category:Investment in Japan]]
[[Category:Sovereign wealth funds]]

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