Bonds
In pursuit of inflation-beating returns, insurers look beyond JGBs in 2nd-half investment plans
Japanese life insurers remain committed to diversified portfolios, suggesting higher JGB yields will prompt only a gradual shift of money back home. (Source photos by Nippon Life’s website, Getty Images)
MITSURU OBE
November 2, 2026 16:00 JST
TOKYO — When the yield on 20-year Japanese government bonds rose to around 4% last month — a quadrupling over the past four years — speculation grew that Japanese investors may start repatriating funds, potentially disrupting the U.S. Treasury market and dollar-yen trading.