Underscoring how volatility in the market is dividing the country’s life insurers, Japan Post said at a briefing in Tokyo on Monday that it won’t rush into purchases. Some of its peers such as Sumitomo Life Insurance Co. and Fukoku Mutual Life Insurance Co. are taking a different tack and boosting holdings of domestic bonds as yields climb.
“Upward pressure on yields is being felt across the entire curve, so we’ve maintained a more cautious stance,” said