From The Japan Times · John Cheng · · 40s
Japan life insurers boost JGB bond buying
Japan's life insurers plan to increase yen bond purchases to support government debt.
In brief
Japan's life insurers plan to increase yen bond purchases to support government debt. Japan Post Insurance and other insurers will maintain or increase domestic bond buying to stabilize upcoming government debt auctions. Originally reported by The Japan Times.
Japan Post Insurance
Japan Post Insurance plans to increase purchases of yen-denominated bonds.
Daido Life Insurance
Daido Life Insurance raised its planned increase in domestic bond holdings.
Meiji Yasuda Life Insurance
Meiji Yasuda Life Insurance plans to keep government bond holdings unchanged.
Bond buying trend
Insurers have been net buyers of JGBs for the past four months.
Market impact
Insurers' bond buying could provide firmer anchor for upcoming government debt auctions.
The main idea
Japan Post Insurance and other insurers will maintain or increase domestic bond buying to stabilize upcoming government debt auctions.
