Aging Japan gives birth to first 50-year corporate bond

Insurers and pension fund managers buy Mitsubishi Estate's superlong debt

Older Japanese participate in an exercise event at a temple in Tokyo. Saving for retirement has become a hot-button issue in Japan ahead of this summer's parliamentary elections. © Reuters

HIROFUMI TAKEUCHI and SHUNSUKE USHIGOME, Nikkei staff writers

June 30, 2019 22:05 JST

TOKYO -- Corporate bond maturities are rising in Japan as insurers and pension fund managers look to align their portfolios to some of the word's longest life spans.