Japanese life insurers wade into unhedged foreign bonds

Four of 10 big companies poised to add to holdings in coming months

20231026N u.s. and japan banknotes REU

Unhedged bets on foreign bonds are exposed to the risk of currency volatility. © Reuters

SATOSHI TEZUKA, Nikkei staff writer

TOKYO -- Four of Japan's biggest life insurance companies are poised to increase foreign bond holdings with no currency hedge in the coming months, betting that the yen will hold steady.

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