1H FY3/15 results at the nine major life insurance firms show that their foreign asset holdings increased by 15.1% since March to ¥36.2trn as yen depreciation puffed up yen-denominated totals, but also due to new foreign bond purchases. Asset weightings by currency were USD 56.2%, EUR 22.8%, GBP 6.1%, AUD 9.0%, and others 5.9%. Compared to the end-March figures of 53.7%, 24.7%, 6.5%, 9.5%, and 5.5% respectively, only USD assets saw a noticeable increase.
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