Dai-ichi Life is reported to plan to focus on portfolio rotation in yen-denominated bonds in its management of general account assets during the second half of FY2026, with the full-year implementation scale expected to exceed the ¥1 trillion initially projected.
As its investment policy for general account assets in the second half of FY2026, Dai-ichi Life has indicated plans to rotate its portfolio mainly through yen-denominated bonds. This is expected to reallocate the weighting of yen-denominated bonds and put the overall investment structure in order.
The report notes that the balance of yen-denominated bonds increased in the first half, and that rotation is expected to continue under a policy similar to that of the first half.
The full-year implementation scale is expected to exceed the ¥1 trillion initially projected, suggesting that the overall scale of investment may surpass the initial plan. This trend again indicates that the focus of Dai-ichi Life's asset management in the second half is on reallocating its yen-denominated bond portfolio.