Japan's Leading Insurers Face $3 Billion Bond Losses

Reported 2 days ago

Three of Japan's largest life insurers reported a combined trading loss of ¥467 billion ($3 billion) from sales of domestic bonds during the April-December period last year, as they sought to adjust their investment portfolios in response to rising domestic interest rates. Nippon Life, Dai-ichi Life, and Meiji Yasuda recorded significant losses while market expectations for further interest rate hikes led to climbing bond yields.

Source: YAHOO

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