Sompo Japan increases investment grade US corporate bonds investment

Sompo Japan, the second-largest Japanese property insurance company released a brief statement on Tuesday, revealing their bond-buying investment strategy.

Key Headlines via Reuters:

“Will curb investment in Japanese Govt bonds and US treasuries with currency hedging

Company is buying investment grade US corporate bonds through funds

These bonds have enough spreads to generate returns even after currency hedging costs

May buy US treasuries without currency hedging when USDJPY falls back below 110 but sees a range of 114-118 at end March 2018.”