Japanese life insurers hold out for better bond yields
Many top Japanese life insurers, tempted by historically high yields, are nearing purchases of domestic government bonds, yet others are holding out for even more lucrative opportunities.
Japan's leading life insurers are accelerating their purchases of 30-year "superlong" Japanese government bonds (JGBs) as yields surpass the pivotal 2% mark, yet they remain cautious, anticipating higher yields later in 2024.
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