Sumitomo Life is one of Japan's large mutual life insurance companies
Says to (headlines via Reuters):
- plans to increase holdings of foreign bonds by more than 240 bin yen in 2019/20
- plans to increase holdings of yen bonds by about 240 bln yen in 2019/20
- plans to expand investments in foreign credit products further in 2019/20
- plans to enhance currency diversification in fx-hedged foreign bond investments in 2019/20
(The firm's investment plan announced today).
