Japan Post Insurance: Cautious on foreign bond investment without FX hedge

Japan Post Insurance

27/10/2021 07:00

TOKYO, Oct 27 (Reuters) - Japan Post Insurance is getting
wary of the risk of the yen's rebound after its fall to a
four-year low against the dollar and is cautious about buying
foreign bonds without currency hedge, a top investment planning
official said on Wednesday.
    "We are cautious on unhedged foreign bonds. The yen has
already weakened considerably. We are not increasing their
holdings when the yen is at current levels," Hiroyuki Nomura,
head of investment planning, told reporters in a news
conference.

 (Reporting by Hideyuki Sano)
 ((hideyuki.sano@thomsonreuters.com; +81 3 4520 1195;))