UPDATE 1-Mitsui Life to cut domestic bond holdings this fiscal year

April 20, 2015 7:38 AM

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* To increase domestic stock holdings around 10 bln yen (Adds comments, background)

TOKYO, April 20 (Reuters) - Mitsui Life Insurance plans to reduce yen bonds due to their low yields in the financial year through March, reversing many years of shifting into domestic bonds from stocks, its investment planning manager said on Monday.

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