Japan's Taiyo Life to keep increasing foreign bond investments in H2

Japanese insurance company Taiyo Life talking to Reuters20 Oct

• has increased unhedged foreign bond exposure
• increased Japanese stock investments in H1, will keep stock holdings steady in H2
• will increase foreign debt in H2 due to low yields
• will slightly reduce Japan bond holdings in H2
• geopolitics a risk but bot seen leading to global recession
• sees USDJPY at 120.00 by end-March, US 10-year yield 2.8%

USDJPY currently 113.20 after the US tax-led Asian spike to 113.31 from 112.80 . Sell interest being chewed through up here but still capping for the moment.