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Nippon Life buys France, Belgium debt amid negative Japan yields
Life insurer also prefers US corporate and mortgage bonds to Treasuries
Published Thu, Jul 21, 2016 · 09:50 PM
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Tokyo
IN a quest for yields, Japan's largest life-insurer is buying up debt in France and Belgium, and preferring US corporate and mortgage bonds to Treasuries.
Hedging against an appreciating yen is also needed, according to Nippon Life Insurance Co.
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