- they increased unhedged foreign bonds and domestic yen bonds in 2012/13
- reduced its hedged foreign bonds in 2012/13
- says its domestic bond investment will depend on yields levels
- sees USDJPY 95-115 in 2013/14
The latest ( and 2nd largest) of the Japanese life insurance companies to publish their investment plans, and yet another expressing great caution. Not what the yen bears want to hear right now.
