April 24, 2018 / 7:22 AM / 3 months ago

Japan's Meiji Yasuda Life to increase hedged, unhedged foreign bonds this fiscal year

TOKYO, April 24 (Reuters) - Japan’s Meiji Yasuda Life Insurance Co plans to increase its holdings of both currency-hedged and unhedged foreign bonds in the fiscal year ending March 2019, a senior company executive said on Tuesday.

The country’s third-largest private life insurer, which has assets of around 37.7 trillion yen ($347 billion), also said it aims to slightly increase its yen bond holdings this fiscal year. ($1 = 108.7600 yen) (Reporting by Shinichi Saoshiro; Editing by Chris Gallagher)

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