Japan: More domestic life insurers to invest in foreign bonds
Source: Asia Insurance Review | Jun 2013
Meiji Yasuda Life and Sumitomo Life are also considering increasing their foreign bond holdings after Nippon Life and Asahi Mutual Life announced their plans to do so as the Bank of Japan rakes up JPY7.5 trillion (US$75.4 billion) of government bonds per month, pulling down yields on domestic debt.
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