April 13, 2017 / 6:01 AM / 3 months ago

Sompo Japan plans to reduce FX hedge, buy more corporate bonds

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TOKYO, April 13 (Reuters) - Sompo Japan Nipponkoa Insurance plans to reduce currency hedging on U.S. Treasuries in the fiscal year to March, expecting the dollar to strengthen gradually, the company's investment planning executives said on Thursday.

The institutional investor also plans to step up investment in U.S. corporate bonds and other credit products to enhance yields while keeping investments in low-yielding domestic bond in check, they said. (Reporting by Hideyuki Sano; Editing by Chang-Ran Kim)

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