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6 months ago
Japan Post Bank returning to U.S. bonds after post-Trump yield spike - CIO
February 16, 2017 / 8:40 AM / 6 months ago

Japan Post Bank returning to U.S. bonds after post-Trump yield spike - CIO

Japan Post Bank Co's logo is seen on its ATM machine in Tokyo, Japan, August 12, 2016.Kim Kyung-Hoon/Files

TOKYO (Reuters) - Japan Post Bank is slowly returning to the U.S. bond market after yields rose considerably following the U.S. election, although the bank sees yields rising further later this year, its chief investment officer said.

The bank also expects the dollar to strengthen against the yen, possibly towards 120 yen by the end of the year, from around 114 yen now, Katsunori Sago, the bank's CIO told Reuters in an interview.

Reporting by Tomo Uetake and Hideyuki Sano; Editing by Jacqueline Wong

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