Taiwan: Japan risk exposure tallied in wake of N Korean missile test
Source: Asia Insurance Review | Oct 2017
Taiwan’s risk exposure to Japan was tallied at NT$553.2 billion (US$18.4 billion) around the end of August, according to the Financial Supervisory Commission.
Of the total, insurers had the largest exposure at NT$300.79 billion in bonds and stock, followed by banks at NT$242.1 billion in lending and other investments. Securities brokerages have exposure of NT$10.29 billion, including proprietary trading and futures trading, as well as investment trust and consulting businesses.
The risk exposure was tallied following North Korea’s missile test last August, with the missile passing over Hokkaidao, the second largest island of Japan. A