Meiji Yasuda plans to allocate JPY600bn into domestic/international private assets

Written by Adam Cadle

09/01/2024

Japanese life insurer, Meiji Yasuda Life Insurance (Meiji Yasuda), has outlined plans to allocate around JPY600bn into both domestic and international private assets over a forthcoming three-year period.

According to Nikkei Asia, this investment move is part of a broader strategy to diversify its portfolio beyond traditional government bonds and stocks, to enhance returns

Company president Hideki Nagashima said the company intends to focus on long-term assets that align with the life insurance sector, specifically targeting private equity and private debt. This approach forms a key component of Meiji Yasuda's new medium-term management plan, set to commence in April and span three years.

Furthermore, Meiji Yasuda intends to collaborate with asset management startups as part of its approach. This collaboration aims to broaden its reach in new asset classes. The selection of these startups will be based on a combination of their performance history and the alignment of their philosophy and methodologies with Meiji Yasuda's investment goals.

This strategic shift also aligns with Japanese Prime Minister Fumio Kishida's vision of transforming Japan into an “asset management nation.” Under this vision, Japan is simplifying regulations to facilitate the establishment of asset management businesses.

Additionally, Meiji Yasuda has committed to investing or lending JPY800bn towards environmental, social, and corporate governance-related enterprises over the same three-year period.

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