Japan Life Insurers Keep Hedging for Yen Gains Near 13-Year Low

Japan’s life insurers left their hedging against the risk of a stronger yen near a 13-year low in the fiscal first half through end-September, according to a Bloomberg analysis of earnings reports.

The positioning by nine major insurers covered 45.7% of their overseas portfolios, little changed from six months earlier. The level had fallen to 45.2% in the half-year ended September 2024, which was the lowest since 2011.