Japan's Mitsui Life: no plans to raise foreign bonds in Oct-March

Reuters

TOKYO, Oct 18 (Reuters) - Japan's Mitsui Life Insuranceplans to increase domestic bond holdings in the six months toMarch while it has no plan to increase foreign bonds, a seniorofficial at the company said on Friday.

The insurer shifted about 30 to 40 billion yen ($306 millionto $409 million) of funds to euro bonds from dollar bonds,expecting U.S. bonds to come under pressure after FederalReserve begins curbing its stimulus, said Sei Sugimoto,executive officer in charge of investment planning at MitsuiLife.

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