Nippon Life, Dai-ichi Life watch for Trump impact on U.S. rates, stocks

Japanese insurers invest in JGBs with eye on next rate hike as early as December

20241122N Nissay Kawasaki

Keisuke Kawasaki, an executive officer at Nippon Life Insurance, sees market players as not yet thinking about the Bank of Japan's moves beyond its next rate hike. (Photo by Genki Ikuta)

GENKI IKUTA and YUKI OKOSHI, Nikkei staff writers

TOKYO -- Japan's Nippon Life Insurance and Dai-ichi Life Insurance are keeping a close eye on how financial markets will be affected by the second Trump administration and monetary policy in both Japan and the U.S. as they plan future investments, senior executives told Nikkei.

Keisuke Kawasaki, the executive officer in charge of Nippon Life's treasury and capital markets department as well as its equity investment department, said the company will be watching for what policies U.S. President-elect Donald Trump puts in place and when.

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