Sumitomo Life plans to step up investment in foreign bonds without currency hedge in the next six months to March
The firm says that it sees a limited risk of a stronger yen for the time being as they shake up their investment portfolio composition. They will be increasing holdings of foreign bonds without currency hedge by a few hundred billion yen while reducing holdings of foreign bonds with currency hedge by about ¥100 billion ($877.5 million).
The general manager of the firm did also say that they will be planning to increase holdings of domestic bonds though by about ¥100 billion as well. All of the above are for the period of October this year to March next year.
