Nippon Life to Boost Yen Bond Holdings as BoJ Rate Expectations Rise

Nippon Life Insurance Co., one of Japan's largest life insurers, has announced a strategic pivot in its investment portfolio, planning to replace a significant portion of its yen-denominated bonds with more attractive alternatives. This decision comes in light of the Bank of Japan's (BoJ) anticipated policy shifts and expectations that interest rates could rise to approximately 1% in the near future.

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