Japanese businesses left behind this year as global equities rallied to a record found a winning strategy in buying back shares the rest of the world preferred to avoid.
Asian stocks fell, led by materials shares, as escalating violence in the Middle East sapped demand for riskier assets.
Meiji Yasuda Life Insurance Co. said it plans to hold more Japanese bonds and fewer domestic stocks during the second half of this fiscal year.
Manabu Tsukagoshi, a Tokyo-based consultant, took a month of paternity leave after his second child was born. That prompted his stay-at-home wife to get a full-time job in the financial industry.
The world’s lowest-yielding bonds and a weakening currency are encouraging Japanese insurers to look abroad, adding to the exodus of funds from the nation.