Japan Post Bank hoovers up foreign assets after 2008
Results show it has increased its holding of foreign securities from scratch in March 2008 to over ¥10 trillion as at September 30, adding ¥3 trillion in the past year alone.
Japan Post Bank has increased its proportion of foreign securities to 5.66% of its ¥191.4 trillion ($2.5 trillion) portfolio, from virtually zero in March 2008, notes a Japan Pensions Industry Database blog.
In its results statement to September 30, Japan Post reports a 5% year-on-year drop in holdings of Japan Government Bonds (JGBs) to ¥141.6 trillion, compared with ¥149.3 trillion a year previously, reports www.ijapicap.com.
It is the first time in the past three-and-a-half y…
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