Japanese investors lost 9 trillion yen, or 117 billion dollars, in mutual funds in 2011 due to global falls in share prices stemming from the credit crisis in Europe.
The Investment Trust Association of Japan says the balance of investment trust funds in the country as of the end of December was 46.76 trillion yen, or 607 billion dollars.
This was a drop of about 11 percent and the first decrease in 3 years.
A sharp decline of shares set in the mutual funds led to the large operational losses in 2011.
The association says the loss is the 3rd largest in the country’s history. The worst was recorded in 2008 after the Lehman Shock. The second worst was in 1990 when the Japanese bubble economy began to collapse. ( NHK)
