April 23, 2018 / 6:03 AM / 3 months ago

Dai-ichi Life: Unlikely to increase fx-hedged foreign bonds in 2018/19

TOKYO, April 23 (Reuters) - Japan’s Dai-ichi Life Insurance is unlikely to increase its holdings of currency-hedged foreign bonds in the financial year to March 2019, due to elevated costs of currency hedging, a senior executive said on Monday.

The insurer could buy foreign bonds without such hedging when the yen becomes strong, as Dai-ichi does not see a sustained gain in the Japanese currency, Kazuyuki Shigemoto, general manager of investment planning, told reporters. (Reporting by Hideyuki Sano)

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