Meiji boosting purchases of unhedged US bonds

TOKYO: Meiji Yasuda Life Insurance Co is boosting purchases of unhedged US debt, encouraged by the yen’s strong start to 2018 and rising yields.

“The time for unhedged buying has finally come,” Shinji Inoue, a manager of investment planning department at Meiji Yasuda, which oversaw the equivalent of US$353bil in total assets as of December, said in an interview.