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Sumitomo Life plans to boost foreign bond investment without FX hedge in Oct-March, sees limited yen gain risk -Breaking

by Mike Robinson

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TOKYO, Reuters – Sumitomo Life Insurance will increase foreign bond investment without currency hedge over the six month period to March because it perceives a low risk from a weaker yen. This was a top official in investment planning said Tuesday.

Toshio Fumura, the general manager for investment planning in Japan, stated that Japan’s fourth-largest insurance plans to grow its domestic bond and bond fund holdings.

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