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by BoatSurfer600
A Japanese insurer with $65 billion of belongings plans to dump all its currency-hedged overseas debt holdings, foreshadowing what might grow to be a renewed wave of promoting by among the greatest buyers in world bond markets.
Fukoku Mutual Life Insurance coverage Co. is among the many first of Japan’s life insurers to put out funding methods for the fiscal yr. With mixed belongings of $2.9 trillion, the business has lengthy been a significant drive in abroad markets however has pulled again up to now yr as hedging prices erase the yield premium on overseas debt, and expectations rise for an finish to the Financial institution of Japan’s ultra-loose financial coverage.
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