Aflac Inc. has borrowed 40 billion yen from Japanese investors by issuing “Samurai bonds,” or yen-denominated bonds.[@@]

Aflac, Columbus, Ga., says it plans to use the proceeds from the sale, which amount to about $360 million, to repay debt and finance general corporate activities.

Aflac helped create the Japanese market for cancer insurance and now is a major player in the country’s health insurance market.