Inositol pyrophosphate 1,5-IP 8 regulates expression of a fission yeast phosphate homeostasis regulon, comprising phosphate acquisition genes pho1 , pho84 , and tgp1 , via its action as an agonist of precocious termination of transcription of the upstream lncRNAs that repress PHO mRNA synthesis. 1,5-IP 8 levels are dictated by a balance between the Asp1 N-terminal kinase domain that converts 5-IP 7 to 1,5-IP 8 and three inositol pyrophosphatases-the Asp1 C-terminal domain (a histidine acid phosphatase), Siw14 (a cysteinyl-phosphatase), and Aps1 (a Nudix enzyme). In this study, we report the biochemical and genetic characterization of Aps1 and an analysis of the effects of Asp1, Siw14, and Aps1 mutations on cellular inositol pyrophosphate levels. We find that Aps1's substrate repertoire embraces inorganic polyphosphates, 5-IP 7 , 1-IP 7 , and 1,5-IP 8 . Aps1 displays a ~twofold preference for hydrolysis of 1-IP 7 versus 5-IP 7 and aps1 ∆ cells have twofold higher levels of 1-IP 7 vis-à-vis wild-type cells. While neither Aps1 nor Siw14 is essential for growth, an aps1 ∆ siw14 ∆ double mutation is lethal on YES medium. This lethality is a manifestation of IP 8 toxicosis, whereby excessive 1,5-IP 8 drives derepression of tgp1, leading to Tgp1-mediated uptake of glycerophosphocholine. We were able to recover an aps1 ∆ siw14 ∆ mutant on ePMGT medium lacking glycerophosphocholine and to suppress the severe growth defect of aps1 ∆ siw14 ∆ on YES by deleting tgp1 . However, the severe growth defect of an aps1 ∆ asp1-H397A strain could not be alleviated by deleting tgp1 , suggesting that 1,5-IP 8 levels in this double-pyrophosphatase mutant exceed a threshold beyond which overzealous termination affects other genes, which results in cytotoxicity., Importance: Repression of the fission yeast PHO genes tgp1 , pho1 , and pho84 by lncRNA-mediated interference is sensitive to changes in the metabolism of 1,5-IP 8 , a signaling molecule that acts as an agonist of precocious lncRNA termination. 1,5-IP 8 is formed by phosphorylation of 5-IP 7 and catabolized by inositol pyrophosphatases from three distinct enzyme families: Asp1 (a histidine acid phosphatase), Siw14 (a cysteinyl phosphatase), and Aps1 (a Nudix hydrolase). This study entails a biochemical characterization of Aps1 and an analysis of how Asp1, Siw14, and Aps1 mutations impact growth and inositol pyrophosphate pools in vivo . Aps1 catalyzes hydrolysis of inorganic polyphosphates, 5-IP 7 , 1-IP 7 , and 1,5-IP 8 in vitro , with a ~twofold preference for 1-IP 7 over 5-IP 7 . aps1 ∆ cells have twofold higher levels of 1-IP 7 than wild-type cells. An aps1 ∆ siw14 ∆ double mutation is lethal because excessive 1,5-IP 8 triggers derepression of tgp1 , leading to toxic uptake of glycerophosphocholine., Competing Interests: The authors declare no conflict of interest.