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