Mitsui Life Insurance Co plans to shift some funds to euro-denominated bonds from dollar bonds in the financial year to March, as currency hedging costs for the dollar are expected to rise, a senior company official said on Thursday.
TOKYO Mitsui Life Insurance Co plans to shift some funds to euro-denominated bonds from dollar bonds in the financial year to March, as currency hedging costs for the dollar are expected to rise, a senior company official said on Thursday.
The company plans to reduce the overall holding of currency-hedged foreign bonds by around 50 billion yen ($460 million)after having boosted it sharply last year, Yoichiro Matsuta, head of the investment planning department, also told a news conference.
(Reporting by Hideyuki Sano- Editing by Chang-Ran Kim)
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