Dai-ichi Life plans to reduce domestic assets, wary of U.S. recession
TOKYO, April 22 (Reuters) - Dai-ichi Life Insurance, a core
company of Dai-ichi Life Holdings, plans to reduce its
holdings of domestic bonds and stocks in the year to March 2020,
a senior company executive said on Monday.
The firm is wary of a U.S. recession down the road after an
inversion of the U.S. yield curve - historically a signal of
recession about 15 months ahead - and keeps a cautious stance on
investments, Akifumi Kai, general manager of investment
planning, told a news conference.
(Reporting by Hideyuki Sano
Editing by Chang-Ran Kim)
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