Taiju Life to increase foreign-bond holdings by 350 bln yen in 2019/20
(Adds bonds details)
TOKYO, April 19 (Reuters) - Taiju Life Insurance plans to
increase its holdings of foreign bonds without currency hedges
by about 350 billion yen ($3.1 billion) in the financial year to
March 2020, Yoshiki Nakamura, head of investment planning at the
firm, said on Friday.
The insurer, which changed its name to Taiju from Mitsui
Life this month, also plans to slightly increase investment in
domestic bonds, mostly in ultra-long government bonds and
subordinated debt issued by banks, he said.
Taiju's investment plans are as follows:
To increase holdings by less than 50 billion yen, mostly in
ultra-long government bonds and subordinated debt issued by
FX-hedged foreign bonds:
To reduce overall holdings but to increase investments in
credit products. May shift to dollars from euros depending on
Foreign bonds (without FX hedge):
Plans to increase holdings by about 350 billion yen while
the amount depends on sales of the firm's foreign-currency
To maintain holdings flat
To increase holdings in new growth areas, such as private
equity, infrastructure investments and real estates
securitisation products, by about 10 billion yen.
($1 = 111.93 yen)
(Reporting by Hideyuki Sano; Editing by Chris Gallagher and
First Published: 2019-04-19 05:45:05
Updated 2019-04-19 06:14:17
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