Japan Post Insurance Says Super-Long-Term Yields Near Peak (1)

Japan Post Insurance Co., one of the nation’s largest life insurers, said that super-long-term yields are nearing their peak and the company plans to shift holdings from foreign to yen bonds on expectations of a US interest rate cut.

“Japanese government bond yields are attractive on a relative and absolute comparison basis,” said Hiroyuki Nomura, executive officer and senior general manager of Japan Post Insurance Co.’s investment planning department, in an interview Tuesday.

The insurer plans an “active shift” from foreign to yen-denominated bonds to get ahead of a decline in US yields, Nomura said. It expects the ...