TOKYO -- Japan's Sumitomo Life Insurance expects currency hedging costs for foreign bond investments to remain elevated based on the interest rate outlook, putting a drag on earnings in the next three years, CEO Yukinori Takada said.
Currencies
Currency hedging costs in bonds to stay high: Sumitomo Life CEO
Insurer sees no narrowing of Japan-U.S. interest rate gap this year
Sumitomo Life Insurance CEO Yukinori Takada. (Photo by Hiroshi Endo)
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