October 26, 2018 / 6:02 AM / a year ago

Dai-ichi Life may add foreign bonds without FX hedging when dollar falls below 112 yen

TOKYO, Oct 26 (Reuters) - Japan’s Dai-ichi Life Insurance will consider buying foreign bonds without currency hedging when the dollar weakens below 112 yen, a senior executive said on Friday.

As hedging costs for dollar bonds have risen and seen remaining high, Dai-ichi expects its currency-hedged foreign bond holdings to fall in the six months to March 2019, Kazuyuki Shigemoto, general manager of investment planning, told reporters.

The insurer does not anticipate a sharp fall in the dollar below 105 yen during the period, he added. (Reporting by Tomo Uetake; Editing by Chris Gallagher)

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