USDJPY could fall to 110-115 this FY and they're ready to BTFD
- Is expanding investment in foreign credit products like buying more A & BBB rated bonds
- Dollar denominated bonds look most attractive among foreign bonds due to strong US economic outlook
- May buy sterling bonds as well
- Nikkei could fall to 17000 or lower in short term before recovering to around 19500 by end of Mar 2016
- Is ready to buy Japanese stocks when Nikkei drops below 18500
- Reviewing strategy on hedge fund investments and is aiming to reach a conclusion by March
Reuters with the view from CIO Hiroshi Ozeki. Nippon Life is one of the largest life insurance companies in Japan
A dip to his levels is certainly something that could happen, particularly after the Fed raise rates and we switch from expectation to reality. Anyone want to join him on the dip?
