Kan, Kazutoshi; Kurachi, Yoshiyuki; Fukuda, Yoshiyuki; … - Bank of Japan - 2013
Japanese life insurance companies hold a large amount of Japanese government bonds (JGBs) as long-term investments. Recently, their holdings of super-long-term JGBs have been increasing especially significantly, and the presence of life insurance companies in the super-long-term JGB market has...