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.
Meiji Yasuda Life Insurance Co., Japan’s third-largest life insurer, said it will boost yen- denominated bond holdings in the fiscal second half, while reducing investments in local stocks.
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.
Meiji Yasuda Life Insurance Co., Japan’s third-biggest life insurer, agreed to buy a 15 percent stake in privately-owned Thai Life Insurance Pcl, two people with knowledge of the matter said.
Indonesia may sell its second Samurai bond at a similar yield spread to Mexico, whose debt is rated four levels higher, according to Meiji Yasuda Life Insurance Co. and Asahi Life Asset Management Co.
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.