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Japan-Update

Japanese life insurers take hit from BOJ's negative rate policy

Nippon Life's premium income down 16% in fiscal 2016

Yuji Mikasa, an executive at Nippon Life, announces the company's earnings.

TOKYO -- The Bank of Japan's negative interest rate policy dealt a blow to Japanese life insurance companies last fiscal year, with premium income shrinking at 11 out of 15 major players.

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