Japanese insurer Meiji Yasuda increasing purchases of US bonds as yen surges

Tokyo

MEIJI Yasuda Life Insurance is boosting purchases of unhedged US debt, encouraged by the yen's strong start to 2018 and rising yields.

"The time for unhedged buying has finally come," Shinji Inoue, a manager at the investment planning department at Meiji Yasuda, which oversaw the equivalent of US$353 billion in total assets as at December, said in an interview.

"We were at our wit's end until …