Bonds

Japan life insurers to raise JGB holdings with eye on BOJ policy

Nine insurers plan increase of $15bn in anticipation of higher rates

20230427N Nippon Life

Nippon Life Insurance is starting the fiscal year off slow with its JGB purchases, planning to pick up the pace when yields look more appealing. © Reuters

SATOSHI TEZUKA, Nikkei staff writer
April 29, 2023 00:02 JST

TOKYO -- Japanese life insurance companies are increasing their holdings of Japanese government bonds this fiscal year as they expect a shift in the Bank of Japan's ultraloose policy that will likely lift interest rates.

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