Currency hedging costs in bonds to stay high: Sumitomo Life CEO

TOKYO -- Japan's Sumitomo Life Insurance expects currency hedging costs for foreign bond investments to remain elevated based on the interest rate outlook, putting a drag on earnings in the next three years, CEO Yukinori Takada said. Life insurers are among Japan's biggest institutional investors.…#tokyo #yukinoritakada #sumitomolife
Source: Reuters: Health - Category: Consumer Health News Source Type: news