Japanese insurer Meiji Yasuda increasing purchases of US bonds as yen surges
Add BT as a preferred source
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.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Lily Ler to step down as CEO of Mapletree Industrial Trust manager
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
