..we don't know how long before this becomes a real issue.
BREAKING:
Unrealized losses on domestic bond holdings for 4 of Japan’s largest life insurers rose to a record $60 billion in Q1 2025.
This is 4 TIMES more than unrealized losses seen in Q1 2024.
Nippon Life, the largest Japanese insurer and the world’s sixth-largest life insurance company, posted $25 billion paper losses, marking a +260% jump YoY.
This comes as Japan’s 30-year and 40-year bonds have seen one of their most violent price declines in history.
