Investment income at Japan Post Insurance in the first half of 2017/18 was 5.5% down year-on-year to 640.9 billion yen, reflecting a 2.11% drop in the value of its assets under management to 78,639.3bn yen, even as its net profits rose 22% to 51.2n yen on an increase in premiums for medical, cancer and long-term care cover.
Asset allocation remained much the same with the only noticeable shift a rise from 7.5% to 8.7% in the proportion of the portfolio accounted for by “foreign bonds etc … which includes foreign-currency-denominated bonds and investment trusts recorded under Japanese corporate bonds and other securities, respectively, on the balance sheet”.’At least half this climb happened in the first (April to June) quarter of the year.
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