TOKYO — Meiji Yasuda Life Insurance will raise its assumed rate of return for defined-benefit pension plans managed on behalf of corporations to 1.3% from 1.25% in April 2025, a first for a major Japanese insurer following the Bank of Japan’s lifting of its negative interest rate policy.The company had lowered the fixed interest rate for corporate pensions to 0.50% from 1.25% in order to be able to respond flexibly even if interest rates dropped again, while also guaranteeing yields of 0.8%…
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Japan’s Meiji Yasuda to raise return rate for corporate pensions
