Nov. 28 (Bloomberg) -- Japan’s Government Pension Investment Fund reported a market investment loss of 4.24 trillion yen ($44.5 billion) for the three months ended Sept. 30, more than double the loss a year earlier, as global stock markets declined.

The fund announced the quarterly loss on its Web site.

To contact the reporter on this story: Mari Murayama in Tokyo at mmurayama@bloomberg.net

Last Updated: November 28, 2008 04:22 EST