TOKYO -- Japanese life insurers have turned hesitant toward plans to invest heavily in foreign bonds this fiscal year, as yields remain limited while the costs of covering currency exchange risks have grown.
Net foreign securities purchases by life insurers slowed to about 960 billion yen ($8.55 billion) in the April-June quarter, the Finance Ministry says, down nearly 70% from the year-ago period, shortly after the Bank of Japan introduced its negative-rate policy.
