(Adds CEO comments, background)
TOKYO Aug 27 Japan Post Holdings Co is not
thinking of changing its stance on investment in Japanese
government bonds (JGBs), its chief executive said on Wednesday.
"We are holding a massive amount (of JGBs), so we would
never consider making a significant change. Such a move would
hurt us by impacting the market," Japan Post CEO Taizo Nishimuro
In addition to delivering mail and parcels, state-owned
Japan Post runs insurance and banking operations that manage
massive amounts of money in markets, mostly in Japanese
At the end of June, Japan Post's banking unit held about
121.2 trillion yen ($1.2 trillion) in JGBs, accounting for 60
percent of its total assets. Its insurance unit held 50 trillion
yen in JGBs, also about 60 percent of its assets.
Japan Post's two financial units have been in spotlight for
any hint of shift in their JGB-heavy investment stance following
Japan's giant public pension fund's move toward boosting
domestic stock investment to secure higher returns amid
ultra-low interest rates.
($1 = 103.9100 Japanese yen)
(Reporting by Taiga Uranaka; Editing by Chris Gallagher and