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Japan's Insurer Eyes Bond Buys Amid Attractive Rates
28 Aug
Summary
- Nippon Life Insurance is open to buying government bonds.
- Attractive interest rates are a key factor in the decision.
- The insurer had avoided adding to bond holdings recently.
Nippon Life Insurance Co., Japan's foremost life insurer, has indicated a willingness to transition into a net buyer of government bonds. This prospective change in strategy is anticipated for the next fiscal year.
The insurer's interest is significantly influenced by the current attractiveness of interest rates. This marks a notable development, as Nippon Life had previously maintained a cautious stance, holding off on expanding its Japanese government bond portfolio over the last two years.
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