Elly the Reindeer

December 23, 2008

Japanese colleges lose large amounts on investments

According to the Daily Yomiuri, 18 Japanese colleges had lost 68 billion yen on investments as of the end of March. The price of stocks has fallen sharply since then so the loss is likely to be a lot higher than this. The figure also does not include colleges that were either not included in the survey or did not reply.

Keio University alone lost 22.5 billion yen. One of the few universities that made a profit from investments was Meiji University which gained 400 million yen by confining its investments to relatively safe corporate bonds.

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