Dai-ichi Life Plans to Buy More Super-Long Japanese Bonds

Dai-ichi Life Insurance is looking to increase its purchases of super-long Japanese government bonds as uncertainty over fiscal policy and US tariffs has eased.

While Dai-Ichi, one of Japan’s biggest life insurers, intends to proceed cautiously, it sees scope for selling more low-yielding bonds in its portfolio, while purchasing more newly-issued bonds, which have higher yields.

“Selling has dominated the past four months, but we want to increase buying going forward,” Naoto Ichimura, general manager of investment planning department, said in an interview on Tuesday.

Despite Japan’s ruling party’s defeat in an upper house election this month, the push ...