Japan life insurers cut foreign debt holdings in 06/07

(Reuters) - At the same time, many of the insurers raised their yen bond
holdings in the 12 months to March, earnings statements showed,
even as Japanese government bond yields stayed low despite two
rate rises by the Bank of Japan to 0.5 percent.




Japan's top nine insurers held a total of around 14.5
trillion yen in foreign bonds at the end of
March this year, down a bit from 15.2 trillion yen in March last
year.


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