Nippon Life plans shift to risk assets from yen bonds

April 24, 2015 8:00 AM

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TOKYO, April 24 (Reuters) - Nippon Life, Japan's biggest private life insurance company, plans to keep fresh investment in domestic bonds to a minimum and allocate more funds to risk assets such as foreign bonds in the year to March, a senior executive said on Friday.

The insurer is suspending a long-standing policy of allocating about 70 percent of its funds to fixed income yen products because their yields are too low, Kazuo Sato, the firm's general manager of investment planning, told reporters.

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