Japan life insurers are increasing purchases of foreign currency-denominated bonds without hedging against exchange risk - Nikkei
- The move to buy more unhedged foreign debt is being caused by the weak yen.
- Meiji Yasuda Life Insurance plans to increase its foreign bond investments by ¥320B, with about 60% left unhedged, while Sumitomo Life Insurance plans to boost unhedged foreign bond holdings by ¥100B. Dai-ichi Life Insurance is expected to grow its unhedge foreign bond holdings to ¥400B