Japan insurers show cautious stance on JGBs amid soaring yields

Dai-ichi, Nippon Life executives wary of Iran war, overseas investors, fiscal policy Dai-ichi Life's Kazuyuki Shigemoto said yield curves will flatten if the Bank of Japan hikes interest rates twice this year. (Photo by Shinichi Arakawa) TOKYO — With Japanese government bond yields at historic highs, executives at two insurance groups, which are also major institutional investors, said they are taking a cautious stance on investing in JGBs at this time of unprecedented volatility due to high interest rates, fiscal policy shifts and the Iran war.

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