Reuters: US Dollar Report: Sumitomo Life: to increase yen bond buying in Oct-March

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Sumitomo Life: to increase yen bond buying in Oct-March Oct 24th 2012, 06:36 TOKYO | Wed Oct 24, 2012 2:36am EDT TOKYO Oct 24 (Reuters) - Japan's Sumitomo Life Insurance plans to increase yen bond holdings in the six months to March, while taking a more cautious stance on foreign bonds, a senior official said on Wednesday. Sumitomo, Japan's fourth-largest life insurer, increased its foreign bond holdings in April-September but kept full currency hedging on them, the official said.

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