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MNI: Japan Sumitomo Life Plans Increased......>

JAPAN
JAPAN: MNI: Japan Sumitomo Life Plans Increased Overseas Bond Buys
- Sumitomo Life: To Restrict Investment in Super Long-Term JGBs
- Sumitomo Life: But To Buy Longer-End JGBs If Yields Rise
- Sumitomo Life: To Sell Hedged Foreign Bonds If Yen Rise
- Japan's Sumitomo Life Insurance company plans to increase the balance of its
foreign bond holdings, including corporate bonds, by around Y190 billion in the
second half of this fiscal year after increasing the balance by Y190 billion in
H1, the company's chief fund manager said Wednesday.
- For full story see MNI Main Wire at 08:11 BST 10/23 or contact
sales@marketnews.com for access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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