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

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Japanese life insurance companies bought a net 1.05 trillion yen (S$12.92 billion) in overseas debt in January. Meiji Yasuda started adding to such holdings in late January, just as the dollar-yen broke below the 110-level for the first time in four months.

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...

sentifi.com

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