Yen threatened by Japan insurers unwinding dollar/yen hedging positions

Tax burden falling

Japanese life insurance firms have started to unwind their dollar/yen hedges in the wake of the yen's sharp depreciation over the last month, according to market sources.

The Japanese yen has plunged by more than 12% against the dollar since November last year, accelerated in part by the Bank of Japan's recent decision to increase its target inflation rate from 1% to 2%. The easing crisis conditions in Europe and the avoidance of the US financial fiscal cliff were also cited as factors leading t

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: