Dai-Ichi Boosts Infrastructure Investments to Bolster Returns
- Allocates $985 million for infrastructure this fiscal year
- Plans to team with Japan Post Insurance on large projects
This article is for subscribers only.
Dai-ichi Life Holdings Inc. is increasing investment in infrastructure as negative interest rates sap returns from government bonds.
Dai-ichi, Japan’s second-largest life insurer, is investing at least 100 billion yen ($985 million) in infrastructure funds and real estate such as distribution centers in the year to March 2017, President Koichiro Watanabe said in an interview. That’s 50 percent more than the average 67 billion yen a year allocated to infrastructure in the past three years.