Meiji Yasuda Life to Shun Super-Long Japan Debt for Year or More

Meiji Yasuda Life Insurance Co. plans to avoid actively investing in Japanese super-long-term government bonds for the next 1-2 years as interest rates may rise and supply pressures build.

Fiscal expansion concerns propelled Japanese government bond yields on Monday ahead of the upper house election later this month, adding further momentum to a rise stoked by a view that inflation is quicker than the central bank’s expectations.

“The Bank of Japan will continue to raise interest rates,” said Kenichiro Kitamura, operating officer and general manager of investment planning and research department in an interview last week, while predicting that ...