TOKYO, Oct 26 (Reuters) - Japanese life insurers plan to buy more super-long government bonds, enticed by the highest yields since 2014.
Nippon Life, Japan Post Insurance and Sumitomo Life are among the insurers that have detailed their investment plans for the rest of the fiscal year-ending April at briefings over the past several days.
Many insurers also plan to shift some money from currency-hedged holdings of foreign bonds into yen bonds, with hedging costs soaring.
"We have already been shifting from hedged foreign bonds into JGBs, and we will continue to do so."
"Anything above 1.5% and we can consider additional investment" in 30-year JGBs, said a representative from Sumitomo Life at a briefing on Tuesday.