Nippon Life Is Steadily Buying 30-Year Japanese Government Bonds

Nippon Life Insurance Co. plans to buy super-long Japanese government bonds and will accelerate purchases when the 30-year yield rises significantly above 2%. The insurance giant plans to accelerate purchases at the time of 2% increase in yields. The company says it will accelerate its purchases when yields rise significantly above the 2% mark.

Nippon Life Insurance Co. plans to buy super-long Japanese government bonds. It will accelerate purchases when the 30-year yield rises significantly above 2%. The insurance giant is expected to buy more bonds when the yield rises above 2%, Bloomberg reports. The company says it will accelerate its purchases when yields rise significantly.

Japanese equities continue to appeal despite strong run, investors say. Earnings buoyed by improving corporate governance and macro fundamentals continue to drive optimism. The price-to-earnings (P/E) ratio for the Japanese market is just above the 15-year average.