Following Sumitomo Life announcing its H2 FY plans, Nippon Life pop up
- Plans to increase fopreign bond holdings without FX hedging Oct-Mar
- Will increase foreign stock holdings too
- Plans to reduce holdings of FX hedged foreign bonds
- Will keep holdings of domestic bonds flat
- Expects to have new funds of around ¥800bn for investing Oct-Mar
- Increased FX hedged foreign bonds by ¥510bn, and unhedged by ¥230bn during the Apr-Sep period
Let the stock bubble continue.