0052 GMT - Japan's largest four life insurers plan to reduce or stay flat in JGBs, based on their fiscal-year investment plans, two members of Barclays' Japan FX and Rates Strategy team say in a research report. Many life insurers find the level of super-long bonds attractive relative to their liability costs, but don't expect to buy aggressively given that they have already finished their asset-liability management duration matching to meet new regulations and are worried over outlook for higher yields, the members say. Pace of purchases is expected to be steady, with biggest insurers focusing on 30-year sector and others targeting 20-year and 30-year sectors, while one with longer liability than asset duration put 40-year sector in scope, they add. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 28, 2025 20:52 ET (00:52 GMT)
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