Japan's yield-hungry life insurers to keep up foreign bond hunt

April 27, 2015 3:47 AM

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TOKYO, April 27 (Reuters) - Japanese life insurers are looking to keep on buying foreign bonds in the financial year through March 2016, extending the hunt for better returns as domestic yields shrivel under the Bank of Japan's extensive monetary easing scheme.

Investment plans by Japanese life insurers, which collectively manage more than 180 trillion yen ($1.65 trillion) of assets, are closely followed by financial market players.

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