As Japanese Bond Yields Soar, Unrealized Losses At Life Insurers Hit $200 Billion
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As Japanese Bond Yields Soar, Unrealized Losses At Life Insurers Hit $200 Billion
As Japanese Bond Yields Soar, Unrealized Losses At Life Insurers Hit $200 Billion With Japanese bonds in freefall every day, pushing yields on 10Y JGBs to a 3 decade high, just shy of 3%... ... the time to pay the piper is fast approaching as unrealized losses on domestic bonds at Japan's major life insurers have soared to 30.86 trillion yen ($194 billion) as of the end of June, up 60% year-on-year, and trillions more since then, revealing the d…
I have reviewed the handicaps of Japanese insurers this morning. The June closing photograph in Tokyo leaves a strong mark: 30.86 billion yen in unrealized losses of domestic debt, equivalent to $194 billion. According to Nikkei Asia, the balance rises by 60% year-on-year and shows the reverse of a monetary tightening that has raised the profitability of portfolios. The origin is the normalization of the Bank of Japan. The returns of Japanese so…
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