Japan’s leading life insurers are planning to cut their holdings of Japanese government bonds (JGBs) by a combined 1.3 trillion yen ($9.1 billion) in fiscal 2025, marking a shift in strategy amid new capital regulations.
According to their disclosed asset management plans, four of the top 10 insurers intend to reduce their JGB positions during the first half of the fiscal year, which began in April. Notably, Nippon Life Insurance will trim its holdings for the first time since fiscal 2016.
Info comes via Japan's Nikkei press.
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ps. Japan is on holiday today, markets are closed.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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