美债的坏消息！首家日本大型寿险公布年度投资规划：大力购买日本超长债，考虑缩减外债

Group 1 - The core viewpoint of the articles indicates that Fukoku Mutual Life plans to increase its holdings in Japanese super-long-term government bonds while considering a reduction in foreign bond holdings, which introduces new uncertainties to the already volatile U.S. bond market [1][2] - Fukoku Mutual Life intends to increase its domestic government bond holdings by 30 billion yen, with total purchases potentially reaching between 300 billion to 400 billion yen [1] - The 20-year Japanese government bond yield has surpassed 2%, which is deemed sufficient for the company's investment perspective, prompting a rebalancing of their bond portfolio [1][2] Group 2 - The investment shift by Japanese institutional investors, particularly from U.S. bonds to domestic bonds, is a significant signal for global investors, especially U.S. bondholders, as it may exacerbate volatility in the U.S. bond market [2] - Japanese super-long-term government bonds are a primary investment target for Japanese life insurance companies, and their prices have experienced significant fluctuations due to the intensifying global trade war [2]