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Sumitomo Life plans to boost foreign bond investment without FX hedge in Oct-March, sees limited yen gain risk

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TOKYO : Sumitomo Life Insurance plans to step up investment in foreign bonds without currency hedge in the six months to March as it sees limited risk of a stronger yen, a top investment planning official said on Tuesday.Japan's fourth-largest insurer also plans to increase holdings of domestic bonds as w

TOKYO : Sumitomo Life Insurance plans to step up investment in foreign bonds without currency hedge in the six months to March as it sees limited risk of a stronger yen, a top investment planning official said on Tuesday.

Japan's fourth-largest insurer also plans to increase holdings of domestic bonds as well as foreign stocks and bond funds, Toshio Fujimura, general manager of investment planning, told reporters.

 

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