Major Japan Life Insurer to Pile Into Domestic Super-Long Bonds

Fukoku Mutual Life Insurance Co. plans to invest in Japan’s super-long government bonds this fiscal year after their yields skyrocketed, and is considering shifting from foreign debt.

“Yields have risen to levels that align with our investment perspective, so we will proceed with bond re-balancing while actively increasing holdings,” said Junya Morizane, general manager of the insurer’s Investment Planning Department. “There is ample room to continue purchasing super-long bonds.”