7 major Japanese life insurers to increase domestic bond investment

Written by Adam Cadle

27/10/2023

Seven out of 10 major Japanese life insurance firms plan to boost their investments in domestic government bonds, according to their asset management plans for H2 2023.

The seven insurers, including Nippon Life, are set to increase investments in 20- to 40-year Japanese government bonds in the six-month period through to March 2024, due to the rising yield on the benchmark 10-year JGB issue following the Bank of Japan’s lifting of its cap on the yield to 1%.

For foreign bonds, Meiji Yasuda Life Insurance Co., Sumitomo Life Insurance Co. and Taiju Life Insurance Co. plan to purchase more foreign bonds with no currency hedge for higher returns.

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