Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Excessive Pessimism on Euro Area Eases, Dai-ichi Says

April 13 (Bloomberg) -- Yasuyuki Watanabe, the manager of the investment-planning department at Dai-ichi Life Insurance Co., said pessimism about Europe’s debt crisis has eased.

Dai-ichi, based in Tokyo, is Japan’s second-biggest life insurer with 30.9 trillion yen ($381 billion) in assets. Watanabe made his comments in an e-mail, and his comments were translated from Japanese.

“Excessive pessimism has eased” because of measures including the Longer-Term Refinancing Operations by the European Central Bank, the European Financial Stability Facility and the European Stability Mechanism.

“We don’t expect confusion that’s deeper than what we saw late last year. We judge that Italy and Spain can restructure on their own.”

To contact the reporters on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net; Wes Goodman in Singapore at wgoodman@bloomberg.net.

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.