JAPAN LIFE INSURERS DUMP LOW-YIELD BONDS, POST HUGE INTERIM LOSSES. (28-NOV-06) AsiaPulse News

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JAPAN LIFE INSURERS DUMP LOW-YIELD BONDS, POST HUGE INTERIM LOSSES.

Publication: AsiaPulse News

Publication Date: 28-NOV-06

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TOKYO, Nov 28 Asia Pulse - Seeing interest rates edge up, nine leading life insurers ditched low-yield bondholdings that had incurred paper losses and shifted to bonds with higher returns, pushing their combined capital losses on securities sales to 313.1 billion yen (US$2.7 billion), according to their asset management...

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