Japan's Meiji Yasuda Life says cautious on yen bonds, looks to foreign bonds
TOKYO, April 24
TOKYO, April 24 (Reuters) - Japan's Meiji Yasuda Life Insurance Co plans to buy around 500 billion yen ($5 billion) of foreign bonds, but more with currency hedging than without it, in the financial year to March next year, a company executive said on Wednesday.
Japan's third-largest private life insurer is taking a cautious stance on domestic bonds as the Bank of Japan's aggressive easing has made them volatile, Toshihiko Yamashita, chief executive of the insurer's investment division, told a news conference.
- Google bus blocked in San Francisco gentrification protest
- Thai PM urges protesters to take part in election |
- Obama, Castro shake hands as world says farewell to peacemaker Mandela |
- North Korea's 'reign of terror' worries South's leader
- Rare Singapore riot forces soul searching over foreign workers