20 Jan 2016
Japan Post preparing to start investment in alternative assets
FXStreet (Mumbai) - Japan's large Post bank is looking to diversify in alternative assets in wake of the recent global market turmoil.
Key Headlines:
Has not changed investment stance following recent market rout
Exposure to stocks likely to rise but level of holding depends on market conditions
Holding of JGBs likely to fall further under low interest rate environment
Will have ccy hedging on foreign bond investments at current yen levels
Likely to increase its return-seeking portfolio to well over JPY 60 trln by 2018
Meanwhile, Japan Post Holdings Co fell as much as 5.2% to a record low of 1,543 yen, dipping below its IPO price of 1,596 yen for the first time before ending the day 5% lower. The benchmark Nikkei closed down -3.70%.
Key Headlines:
Has not changed investment stance following recent market rout
Exposure to stocks likely to rise but level of holding depends on market conditions
Holding of JGBs likely to fall further under low interest rate environment
Will have ccy hedging on foreign bond investments at current yen levels
Likely to increase its return-seeking portfolio to well over JPY 60 trln by 2018
Meanwhile, Japan Post Holdings Co fell as much as 5.2% to a record low of 1,543 yen, dipping below its IPO price of 1,596 yen for the first time before ending the day 5% lower. The benchmark Nikkei closed down -3.70%.