Nippon Life to double foreign real estate, infrastructure investment by 2021
Share:
TOKYO (Reuters) - Nippon Life Insurance Co [NPNLI.UL], Japan's largest private life insurer, plans to double its investment in foreign real estate and infrastructure by early next year, its top investment official told Reuters on Tuesday.The move came amid growing expectation that low interest rates in Japan and other developed countries are likely to stay for a long time and therefore the insurer will need a new source of income.Nippon Life plans to commit a total of 350 billion yen ($3.2..