Japan - Sumitomo Life confirms plans for holdings of offshore assets in 2019/20

Sumitomo Life is one of Japan's large mutual life insurance companies

Says to (headlines via Reuters):

• plans to increase holdings of foreign bonds by more than 240 bin yen in 2019/20
• plans to increase holdings of yen bonds by about 240 bln yen in 2019/20
• plans to expand investments in foreign credit products further in 2019/20
• plans to enhance currency diversification in fx-hedged foreign bond investments in 2019/20

(The firm's investment plan announced today).