Reuters: US Dollar Report: Nippon Life cautious but eyes chances for foreign bond buying

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Nippon Life cautious but eyes chances for foreign bond buying Apr 22nd 2013, 09:14 TOKYO, April 22 | Mon Apr 22, 2013 5:14am EDT TOKYO, April 22 (Reuters) - Nippon Life, Japan's biggest life insurer, said it plans to slow its increase in domestic bond investment in the current fiscal year to March 2014, but plans to raise unhedged foreign bond holdings at an appropriate time this fiscal year. The life insurer, with total assets of about 50 trillion yen ($504 billion), plans to allocate about 70 percent of its 1 trillion yen earmarked for investment in the fiscal year, a senior official said on Monday. Nippon Life said it expected the dollar to trade between 93 to 103 yen this fiscal year and the euro to trade between 117 to 137 yen.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions