(Reuters) - TOKYO, April 5 - Meiji Yasuda Life Insurance Co. plans to stay mainly neutral on foreign bonds in 2007/2008 as a weak yen has made them an expensive buy, a deputy president at Japan's No. 3 insurer told reporters on Thursday.
The insurer plans to reinvest around 70 billion yen in maturing unhedged foreign bonds in 2007/2008 and may increase its net holdings if the yen strengthens beyond 115 yen to the dollar, said Yasuharu Takamatsu, a deputy president.
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