Mitsui Life say they will reduce Japanese bond holdings in 2017/18

Large Japanese life insurance company out with their 2017/18 plans 20 April
– will shift some funds to euro from dollar within fx-hedged foreign bonds
– will reduce holdings of fx-hedged foreign bonds by around JPY 50bln
Mitsui citing ccy hedging costs for the US dollar expected to rise as reason for shift into euro bonds.