Japanese Life Insurers Cut Bullish Yen Hedges to 14-Year Low
Japanese life insurers cut protection for their foreign assets against a stronger yen to a fresh 14-year low, signaling subdued expectations of a sustained rally in the nation's currency.
Nine of Japan's biggest life insurers collectively lowered bullish yen wagers tied to their foreign investment holdings to 44.4% at the end of the fiscal half in March from 45.2% six months earlier, according to a Bloomberg News analysis of their earnings reports.
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