Japan Post: Won't slash JGB holdings drastically

TOKYO Wed Dec 4, 2013 2:45am EST

TOKYO Dec 4 (Reuters) - Japan Post Holdings said on Wednesday that it will not slash its holdings of Japanese government bonds (JGBs) drastically, reiterating its stance that it was a "social responsibility" not to roil the debt market.

President Taizo Nishimuro told reporters that Japan Post, which holds almost $2 trillion in JGBs under its deposit-taking unit and insurance arm, will stick to its stance even as other public funds are mulling a review of their bond-heavy investment strategy.

Japan Post is under pressure to improve its returns ahead of an initial public offering in 2015.

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