Japan Post Takes Cautious Stance on Domestic Debt as Yields Rise

Japan Post Insurance Co. is moderating its investment view on yen-denominated bonds due to the rise in yields.

Underscoring how volatility in the market is dividing the country’s life insurers, Japan Post said at a briefing in Tokyo on Monday that it won’t rush into purchases. Some of its peers such as Sumitomo Life Insurance Co. and Fukoku Mutual Life Insurance Co. are taking a different tack and boosting holdings of domestic bonds as yields climb.

“Upward pressure on yields is being felt across the entire curve, so we’ve maintained a more cautious stance,” said Hiroyuki Nomura, executive officer ...