Latest of the large Japanese insurers to reveal strategy 26 Oct
- will increase holdings of fx-hedged foreign bonds Oct-March
- plan to keep holdings of stocks while increasing ratio of in-house investment
- plan to start investing in pvt equity, infrastructure equity assets
- plan to increase alternative investment to 1% of total assets within 3-5 years
This fund is the insurance arm of formerly state-owned conglomerate Japan Post Holdings and as of 30 June held assets of JPY 79trln .
USDJPY 113.70 on session highs with general USD demand prevailing. Offers/res around 113.80 next hurdle.
Order board here USDJPY 15m