Latest of the Japanese life insurers to reveal their plans 26 Oct
- plans to keep bulk of foreign bond holdings ccy-hedged in H2 of FY 2016-17
- plans to slightly increase yen bond holdings in H2 of FY 2016-17
Also this from Asai Mutual Life:
- plan to invest in foreign infrastructure for first time in H2
- to increase foreign debt holdings by JPY 10bln in H2
- considering investing in foreign debt without ccy hedging in H2
- plan to cut holdings of domestic bonds, loans in H2
Meanwhile USDJPY 104.35 after retreating to 104.00 from the 105.0 area yesterday after running into strong offers as per the order board which I highlighted again during my US stint.
I hope some of you were able to take advantage.
