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Life insurer body rules out simultaneous guaranteed yield cuts.

Publication: Japan Weekly Monitor
Publication Date: 18-JUN-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, June 15 Kyodo

Ikuo Uno, chairman of the Life Insurance Association of Japan, on Friday ruled out the possibility of all insurers conducting simultaneous cuts to guaranteed yields they promised to earn in soliciting policyholders.

''It would offend the conscience of industrialists if all insurance firms bring down their guaranteed yields simultaneously,'' Uno...

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