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Japan Post Holdings Co. will shift more of its $2.6 trillion investment portfolio to riskier assets to boost profitability as negative interest rates shrink income from government bonds.

The newly privatized postal and financial giant, which has about ¥205.5 trillion ($1.9 trillion) managed by its banking unit and ¥82.7 trillion at its insurer, will buy assets such as overseas real estate investment trusts and infrastructure funds and has begun investing in private equity, said President Masatsugu Nagato.

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