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Japan's Nippon Life taps Blackstone to revamp investment strategy

Insurer plans $10 billion allocation as it pivots toward higher-yield assets
Tokyo-based Nippon Life Insurance is partnering with Blackstone. (Getty Images)
Tokyo-based Nippon Life Insurance is partnering with Blackstone. (Getty Images)

Tokyo-based Nippon Life Insurance is turning to Blackstone to overhaul how it invests its massive balance sheet, a sweeping partnership aimed at lifting returns and positioning the insurer for a higher-rate era.

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