TOKYO — Japan’s top life insurers plan to halve net purchases of Japanese government bonds in fiscal 2024, a Nikkei survey has found, as they keep an eye out for the Bank of Japan’s next rate hike amid sluggish long-term yields.
Nikkei asked 10 major players about their investment strategies for the year: Nippon Life Insurance, Dai-ichi Life Insurance, Meiji Yasuda Life Insurance, Sumitomo Life Insurance, Fukoku Mutual Life Insurance, Taiyo Life Insurance, Daido Life Insurance, Asahi Mutual Life Insurance, Taiju Life Insurance and Japan Post Insurance.
