Nippon-Life says it will increase foreign bond holdings without currency hedge depending on USDJPY rate

Japanese life insurer Nippon the latest to report 2017/18 strategy 26 April
– plans to increase foreign stocks and foreign infrastructure funds
– expects 10year US treasury yields to rise to 2.5% and USDJPY to be at 120.00 by March 2018
I guess they’ll be hoping for a USDJPY dip first then like the others to have reported so far and all talking the same book.