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MNI BRIEF: Japan Dai-ichi Life To Increase Yen Bond Holdings

(MNI) Tokyo
TOKYO (MNI)

The Japanese insurer laid out its views to reporters on Monday.

Japan’s Dai-ichi Life Insurance will expand yen bond holdings this fiscal year, building on the previous year, Kouhei Horikawa, general manager of the investment planning department at Dai-ichi Life, told reporters on Monday.

The company also stands ready to buy and sell hedged and unhedged foreign bonds in a flexible manner, depending on developments of foreign exchange and interest rates, Horikawa added, see: MNI: Japan's Dai-ichi Lifts Yen Bond View, Flexible On Offshore. Japan's second largest life insurer by assets, Dai-Ichi expects the 10-year JGB yield to move in a range of -0.10% to 0.40% during the fiscal year to March 2023.

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Japan’s Dai-ichi Life Insurance will expand yen bond holdings this fiscal year, building on the previous year, Kouhei Horikawa, general manager of the investment planning department at Dai-ichi Life, told reporters on Monday.

The company also stands ready to buy and sell hedged and unhedged foreign bonds in a flexible manner, depending on developments of foreign exchange and interest rates, Horikawa added, see: MNI: Japan's Dai-ichi Lifts Yen Bond View, Flexible On Offshore. Japan's second largest life insurer by assets, Dai-Ichi expects the 10-year JGB yield to move in a range of -0.10% to 0.40% during the fiscal year to March 2023.

Keep reading...Show less