Nippon Life Invests in Malaysian Bank Bonds

Tokyo, April 17 (Jiji Press)--Nippon Life Insurance Co. said Thursday that it has invested 100 million dollars in bonds issued by the Export-Import Bank of Malaysia, a state-backed lender, as part of moves to diversify its fund management worldwide. In fiscal 2013, which ended in March, the top Japanese life insurer invested about 110 billion yen in the Asia and Oceania regions, up fourfold from the preceding year. Nippon Life said it intends to further boost its credit investment globally, including in Asia. END