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2 weeks ago | 
news.bloombergtax.com | Nao Sano |Takashi Nakamichi
Japan’s biggest life insurer said unrealized losses on its domestic bond holdings more than tripled last fiscal year as rising interest rates undercut the value of its portfolio. Nippon Life Insurance Co., which last month outlined plans to reduce its holdings of sovereign debt, said on Friday that paper losses on Japanese bonds swelled to about ¥3.6 trillion ($25 billion) as of March.
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2 weeks ago | 
bloomberg.com | Nao Sano |Takashi Nakamichi
The Nippon Life Marunouchi Building, which houses the Nippon Life Insurance Co. Tokyo headquarters. (Bloomberg) -- Japan’s biggest life insurer said unrealized losses on its domestic bond holdings more than tripled last fiscal year as rising interest rates undercut the value of its portfolio.
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2 weeks ago | 
flipboard.com | Nao Sano |Takashi Nakamichi
People blame gun violence on different things depending on their political leanings. But Jens Ludwig, an economist at the University of Chicago, has found a different reason behind it. Today, we bring you a story on solutions to gun violence.
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1 month ago | 
chicagobusiness.com | Takashi Nakamichi |Bei Hu
A talent war is intensifying in the yen rates space, as banks and hedge funds snap up seasoned traders after the biggest market swings in years inflicted widespread losses. Some market players are offering multi-million dollar packages to lure yen rates traders, following a sudden Trump-inflicted selloff which drove Japan’s bond yields to a two-decade high. The flurry of new hires builds on a spate of recruitments that began before the central bank started raising interest rates last year.
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1 month ago | 
bloomberg.com | Takashi Nakamichi |Bei Hu
Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Japan is scheduled to release its fourth-quarter gross domestic product (GDP) figures on Feb. 17. Photographer: Kiyoshi Ota/Bloomberg(Bloomberg) -- A talent war is intensifying in the yen rates space, as banks and hedge funds snap up seasoned traders after the biggest market swings in years inflicted widespread losses.
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1 month ago | 
bloomberg.com | Takashi Nakamichi |Bei Hu |William Shaw
An electronic stock board displays the rate of the yen against the US dollar in Tokyo, Japan. Photographer: Kiyoshi Ota/Bloomberg(Bloomberg) -- Balyasny Asset Management hired one of the top yen rates portfolio managers, Ron Choy, offering him a roughly $30 million package amid widespread pain in the Japanese bond market, according to people familiar with the matter.
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1 month ago | 
bloomberg.com | Takashi Nakamichi |Ambereen Choudhury |David Ramli
A screen displays the Nikkei 225 Stock Average in Tokyo. (Bloomberg) -- A pair of hedge funds are hiring yen rates traders from global banks, even as tariff-induced turmoil sweeps the Japanese government bond market. Capula Investment Management LLP is recruiting Deutsche Bank AG’s Masahiko Maihara, according to people with knowledge of the matter.
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1 month ago | 
bloomberg.com | Cathy Chan |Takashi Nakamichi
Nomura Holdings Inc. has scaled back its original focus on China wealth to prioritize an expansion in brokerage and asset management in the world’s second largest economy, according to people with knowledge of the matter. Nomura Orient International Securities Co. has trimmed staffing by about two-thirds in its China wealth business over the past two years, the people said, asking not to be identified as the matter is confidential.
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2 months ago | 
news.bloomberglaw.com | Takashi Nakamichi |Nao Sano
An American former executive of a large Japanese brokerage who has been criminally charged in Japan asked a court to rule him innocent, and said the outcome of his trial will have bearings on the country’s standing as an international financial hub.
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2 months ago | 
bloomberg.com | Takashi Nakamichi |Nao Sano
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