TOKYO, April 23 (Reuters) – Sumitomo Life Insurance, Japan’s
fourth-largest life insurer, plans to shift some funds out of
long-term domestic bonds to foreign bonds in the year to March,
as bond yields in Japan are too low, a senior company official
said on Wednesday.
Sumitomo Life, with total assets of about 26
trillion yen ($253.4 billion), also plans to take more currency
risks in foreign bonds, said Iwao Matsumoto, general manager of
investment planning at the insurer.
TOKYO, April 22 (Reuters) – Extended weakness in Chinese
shares, driven by worries over liquidity and earnings, put a
brake on other Asian stock markets on Tuesday despite Wall
Street stocks rallying into a fifth session.
Although Japan’s Nikkei share average held onto
marginal gains and was up 0.3 percent, MSCI’s broadest index of
Asia-Pacific shares outside Japan was almost
flat, while trading not far from a six-month high hit earlier
TOKYO (Reuters) – Japanese shares advanced on Tuesday, taking heart from a solid session on Wall Street, but gains were limited below the two-week intraday high marked the previous day on caution over upcoming earnings reports and tensions in Ukraine.
The Nikkei average was up 0.3 percent at 14,556.03 in midmorning trade, continuing its recovery from a six-month low of 13,885.22 hit on Monday last week, after U.S. stocks extended gains into a fifth day.
TOKYO (Reuters) – Asian shares were supported on Tuesday after Wall Street stocks extended gains into a fifth day, though investors continued to see tensions in Ukraine as a threat to risk appetite.
Japan’s Nikkei share average opened up 0.5 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat in early trade, but not far from a six-month high hit earlier this month.
TOKYO, April 18 (Reuters) – The yen slipped to a 10-day low
against the dollar on Friday after speculators unwound some
safe-haven trades following encouraging U.S. economic data and
on hopes for a diplomatic initiative seeking an end to violence
The dollar traded at 102.39 yen, and has ticked up in
the past five sessions from a three-week low of 101.32 yen.
TOKYO (Reuters) – The yen slipped to 10-day lows against the dollar on Friday after speculators unwound some safe-haven trades following upbeat U.S. economic data and on hopes for a diplomatic initiative seeking an end to violence in Ukraine.
The dollar traded at 102.43 yen, and has ticked up in the past five sessions from a three-week low of 101.32 yen.
TOKYO, April 17 (Reuters) – Mitsui Life Insurance said on
Thursday that it plans to increase its holdings of foreign bonds
again this fiscal year, as Japan’s fifth-largest life insurer
seeks to diversify its investments amid low domestic yields.
Mitsui Life plans to increase its foreign bond holdings,
including those with and without currency-hedging, by about 50
billion yen ($490 million) in the year that started on April 1,
its investment planning manager said.
TOKYO, April 17 (Reuters) – Sompo Japan Insurance and
Nipponkoa Insurance, already run as one entity ahead of their
merger in September, plan to invest “tens of billions of yen” in
new areas such as energy, environment and infrastructure, mainly
through private equity funds, company officials said.
The move reflects their desire to seek new revenue sources
as well as possible hedging against inflation as Japanese
authorities drive an aggressive monetary and fiscal stimulus,
they said in an interview with Reuters on Thursday.
TOKYO, April 15 (Reuters) – The Bank of Japan’s massive
purchases of government debt hit a milestone this week, sucking
liquidity out of the market to such an extent that the benchmark
10-year bond went untraded for more than a day, the first time
in 13 years.
Data from the BOJ late on Monday showed its holding of
Japanese government bonds topped 200 trillion yen ($1.96
trillion), or about 20 percent of outstanding issuance – up by
more than half from 125 trillion yen about a year ago.
TOKYO, April 10 (Reuters) – Asian shares look to extend recent solid gains
on Thursday after minutes of the Federal Reserve’s latest policy meeting
suggested the Fed may be more cautious towards raising interest rates than
markets had thought.
The perception change on the Fed’s thinking also prompted the dollar to fall
to near its mid-March low against a basket of currencies, while U.S. short-term
yields also hit three-week lows.