October 25, 2018 / 6:51 AM / a month ago

Japan's Meiji Yasuda Life to increase un-hedged foreign bonds

TOKYO, Oct 25 (Reuters) - Japan's Meiji Yasuda Life Insurance Co plans to increase foreign bond holdings without currency hedges in the second half of the fiscal year through March 2019, while reducing hedged foreign bonds, a senior company executive said on Thursday.

The country's third-largest private life insurer with assets of around 38.9 trillion yen ($347.41 billion), also said it aimed to keep its holdings of yen bonds steady in the second half.

$1 = 112.0300 yen Reporting by Shinichi Saoshiro Editing by Chang-Ran Kim

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