Meiji Yasuda Doubles 2026 Super-Long Government Bond Buying Plan
AI Summary
Meiji Yasuda Life Insurance Co. plans to double its purchase of Japanese super-long government bonds to more than ¥2 trillion ($12 billion) for fiscal year ending March 2027. This move is driven by favorable yields in the bond market.
Meiji Yasuda Life Insurance Co. aims to buy more than ¥2 trillion ($12 billion) of super-long Japanese government bonds in the fiscal year ending March 2027, doubling its earlier purchase plan on the view that yields have climbed to desirable levels.