TOKYO: The bulk of Japan's top life insurers reported yesterday falls in a key gauge of their ability to pay policy obligations, highlighting the precarious state of their financial health as stock prices plunged in the past year.
Still, all of the top 10 insurers, which unveiled business results for fiscal 2002/03, said they had no intention of cutting yields promised to policyholders although a government-endorsed bill to allow such action had been submitted to parliament.
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