Nao Sano

1 week ago | japantimes.co.jp | Taiga Uranaka |Nao Sano

The surging bond yields that have saddled Japan’s insurers with billions of dollars in unrealized losses will weaken because they are not supported by economic fundamentals, according to Dai-ichi Life, the country’s largest listed life insurer. New buyers are entering the market for Japanese government bonds and amplifying volatility, Chief Executive Officer Tetsuya Kikuta said in an interview. Yields on 30-year JGBs jumped to a record last week.

1 week ago | news.bloomberglaw.com | Taiga Uranaka |Nao Sano

The surging bond yields that have saddled Japan’s insurers with billions of dollars in unrealized losses will weaken because they are not supported by economic fundamentals, according to Dai-ichi Life Holdings Inc., the country’s largest listed life insurer. New buyers are entering the market for Japanese government bonds and amplifying volatility, Chief Executive Officer Tetsuya Kikutasaid in an interview. Yields on 30-year JGBs jumped to a record last week.

1 week ago | bloomberg.com | Taiga Uranaka |Nao Sano

The Dai-ichi Life Holdings Inc. head office building in Tokyo, Japan. (Bloomberg) -- The surging bond yields that have saddled Japan’s insurers with billions of dollars in unrealized losses will weaken because they are not supported by economic fundamentals, according to Dai-ichi Life Holdings Inc., the country’s largest listed life insurer. New buyers are entering the market for Japanese government bonds and amplifying volatility, Chief Executive Officer Tetsuya Kikuta said in an interview.

1 week ago | ca.finance.yahoo.com | Nao Sano |Taiga Uranaka

(Bloomberg) -- Four of Japan’s biggest life insurers reported about $60 billion of combined unrealized losses on their domestic bond holdings for the latest fiscal year, underscoring the risks they face as interest rates climb. For now, they aren’t overly concerned.

1 week ago | news.bloombergtax.com | Nao Sano |Taiga Uranaka

Four of Japan’s biggest life insurers reported that unrealized losses on their domestic bond holdings last fiscal year reached about $60 billion in total, underscoring the risks they face as interest rates climb. Meiji Yasuda Life Insurance Co. said paper losses on its domestic bond holdings increased more than eightfold to about ¥1.386 trillion ($9.7 billion) at the end of March compared with ¥161.4 billion a year earlier.