Fitch Ratings lowers its outlook on Japanese insurers to stable from positive

Author: Eamonn Sheridan | Category: News

Fitch has revised its outlook on Japanese life and nonlife insurers to stable from positive

  • says Japanese Insurers Investment Risks Likely to Rise in 2020
  • biggest risks for Japanese insurers will continue to stem from financial markets in 2020
  • Fitch expects insurers to boost their investments in foreign credit-spread products in search of yield amid the 'super-low' interest rates in Japan. 
  • expects most Japanese traditional life insurers to raise exposure to unhedged foreign fixed-income securities as long as they expect volatility in the US dollar/Japanese yen rate to be limited, and as currency-hedging costs are likely to stay high

Info on Fitch's latest "Fitch Ratings 2020 Outlook: Japanese Life and Non-Life Insurance" via Reuters, bolding mine

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