US stock and oil prices are no longer surging. Although the upward trajectory of the last few weeks has not really worsened, the strong improvement in sentiment does seem to have taken a pause. In addition to the BoJ, the Fed also made a strong commitment to monetary easing at the June meeting. Looking forward, the global yields are likely stay low, and yield gaps amongst major economies are likely to stay tight. Amidst this stasis, Japanese Life Insurance Companies may be a critical driver of price action in foreign exchange and rates markets in the major currencies.

In this episode Takahiro Sekido, Chief Japan Strategist of Global Markets Research, MUFG Bank Tokyo discusses Japanese Life Insurance Company fiscal year 2019 financial results, changes investment flows and JGB duration risk, as well as updates his view on the Yen, JPY rates and USDJPY cross-currency basis.

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Download: Everything You Always Wanted to Know About Japanese Life Insurance Companies – The MUFG Global Markets Podcast (MP3)

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