Latest of the large Japanese insures to reveal strategy 25 Oct
- likely to reduce holdings of hedged foreign bonds
- reduced holdings of Japanese stocks in Apr-Sept period
- plans to increase holdings of foreign stocks, properties, alternative assets between Oct-March
Similar themes from the insurers so far.
Meanwhile USDJPY still underpinned at 113.86 but large option expiries at 114.00 today continuing to cast a shadow.