Nippon Life plans to increase foreign bonds without FX hedge in 2019/20
By Tomo Uetake
TOKYO, April 22 (Reuters) - Nippon Life Insurance Co
plans to increase its holdings of foreign bonds
without currency hedge while reducing those with currency hedge
in the year through March 2020, senior company officials said on
Nippon Life expects to have about 1.6 trillion yen ($14.3
billion) of new funds to put to work in the current financial
year and it will also invest in domestic bonds and their
equivalents, stocks and alternative assets, they added.
($1 = 111.90 yen)
(Reporting By Tomo Uetake and Hideyuki Sano; Editing by Shounak
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