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 Japanese government.

The amount of each asset class is allowed to deviate up to 6–8 percentage points from its target allocation.

[3] 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.

[4] The GPIF has diversified investments with the following external asset management institutions: