Japan Post Insurance intend to keep unhedged foreign bond buying steady Oct-March

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                                        

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