Another Japanese life insurer out with 2017/18 strategy 25 April
- cautious on buying more EZ bonds given prospects of ECB tapering and political uncertainties
- ccy-hedged foreign bonds still attractive for now compared with domestic bonds
- plan to increase foreign stock holdings in 2017/18
- plan to reduce JGBs but increase other yen credit products
- investment stance on foreign bonds depends on their yields, FX levels
Another insurer looking for a dip in USDJPY to get better value.
USDJPY steady at 110.12 EURUSD a tad higher at 1.0870 EURJPY up to 119.73
