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Japan's biggest life insurers plan to add to JGB holdings but guarded against policy shift
This relates to their respective company strategies for the fiscal year ending in March, with Nippon Life stating that they will focus purchases on 30-year JGBs as the current yield of above 1.8% is "good in terms of absolute level". But they do add that now is "not the time to buy aggressively" as the firm's base case is for the BOJ to begin normalising policy between April to September next year.For some context, JGBs tend to offer the best option for Japanese life insurers to hedge against th...
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Posted: Oct 27 2023, 08:51
Author Name: forexlive
Views: 112217