Reuters with an interview with Japan Post Insurance chief
- Will tweak investment strategy for next FY to counter impact of negative rates
- Is studying asset classes to add to investment portfolio
- Could by minority stakes in Asian life insurers
Japan's biggest life insurer has around $720bn in assets and has been moving out of Japanese debt on the diminished returns. at the end of 2015 it had 55% of it's portfolio in JGB's. It's looking to increase foreign holdings to 10% from the current 6.4% by the year through March 2018
Some Japanese firms move very slowly at times and there's still a distinct lack of effort to push further into risk and away from Japan. That's something Abe and the BOJ would like to see pick up quicker and go further. It's a start though and something that could bring some decent flows as Japan closes off one FY in March, and opens the new one.
