UPDATE 1-Japan Publish Insurance coverage ideas to boost possibility assets more in Oct-March


Plans to increase holdings of currency-hedged foreign bonds

* Programs to reduce yen fixed-income assets

* Ideas to begin in-house stock investments soon

* Strategies to improve different investments (Adds details, estimates)

By Tomo Uetake and Hideyuki Sano

TOKYO, Oct 26 Japan Post Insurance Co is organizing to increase its holdings of possibility assets, which include stocks and options, during the 6 months to March since it seeks to boost investment returns, organization officials stated on Wednesday.

The insurer, which has complete assets of 81.five trillion yen ($781 billion), also said it strategies to maintain investment in domestic bonds at a minimal because of their lower yields and to maximize the holding of currency-hedged foreign bonds as a substitute.

Japan Post Insurance coverage stated it may obtain foreign bonds without currency hedging if the yen strengthens inside the October-March time period.

"Our holdings of risk assets are most likely to meet our target to lift the weighting to 10 % of total assets one particular yr ahead of our midterm plan, by upcoming March," explained Tomoaki Nara, senior common manager of investment planning at the insurer.

The business also programs to boost holdings of both domestic and foreign stocks in the 2nd half of this fiscal yr.

The officials also explained the company, which has thus far relied on outside asset managers to invest in equities, programs to start in-house stock investments soon.

Substitute investment is an additional region in which the firm, which was listed only final yr as part of the privatisation in the country's postal process, is attempting to put more resources.

Nara said the company ideas to widen investments in different assets, which include personal equity and hedge money, during the 2nd half of this fiscal yr, incorporating that it currently started investing in financial institution loans inside the very first half.
Japan Post Insurance, also known as Kampo, could be the insurance arm of Japan Submit Holdings. With each other using the mother or father business and Japan Publish Bank, Kampo listed on the Tokyo Stock Exchange in November.


The company also explained it programs to minimise investment in domestic fixed-income assets, whose yields have plunged this 12 months because of the Financial institution of Japan's detrimental interest rate policy.

"We purchased the minimal amount expected as a result of accounting motives while in the 1st half when yields have risen," Ryosuke Fukushima, senior manager of investment preparing, advised reporters.

The firm as a substitute strategies to boost foreign bonds with currency hedging, a strategy that has been probably the most popular among Japanese institutional investors in recent years.

($1 = 104.31 yen) (Reporting by Tomo Uetake and Hideyuki Sano; Editing by Chris Gallagher and Sunil Nair)

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