Four major Japanese life insurance companies now hold unrealized bond losses totaling 15 trillion ye

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Four major Japanese life insurance companies now hold unrealized bond losses totaling 15 trillion yen ($96 billion), 7% higher than three months ago.

Yields on Japanese government bonds have surged, crashing the value of older low-yield bonds.

The yield on 30-year Japanese bonds exceeded 4% in May, marking a record high.

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