Nippon Life Is Steadily Buying 30-Year Japanese Government Bonds
- Will quicken purchases if yield rises above 2%, Tsuzuki says
- Insurer expects BOJ to hike rates to 0.25% in Oct.-Dec. period
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Nippon Life Insurance Co. plans to buy super-long Japanese government bonds and will accelerate purchases when the 30-year yield rises significantly above 2%.
“We are steadily buying 30-year securities as they are becoming attractive,” Akira Tsuzuki, executive officer of the company’s finance and investment planning department, said at a media briefing on Wednesday.