(Bloomberg) -- Nippon Life Insurance Co., Japan's biggest life insurer, will allocate half of its 500 billion yen ($4.21 billion) in domestic bond investments this fiscal year outside of the government debt market.
The company said it will boost holdings of Japanese residential mortgaged-backed debt by more than 125 billion yen in the year started April 1. Almost 10 percent of Nippon Life's 17.6 trillion yen in yen bond holdings was in asset-backed securities as of March 31, up from 7 percent two years ago, Nippon Life said.
Read more at Bloomberg Bonds News
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