日本超长债券收益率飙升应会支持增加日本国债配置

Core Viewpoint - The surge in Japan's ultra-long bond yields is expected to support an increase in the allocation of Japanese government bonds [1] Group 1: Bond Market Insights - The yield on Japan's 30-year government bonds has risen from approximately 2.30% at the beginning of 2025 to 3.20% [1] - Unless Japan's long-term inflation expectations rise by 1% within the next five months, the current surge in ultra-long Japanese government bond yields indicates a significant increase in the average real interest rates in the Japanese bond market [1] Group 2: Asset Management and Currency Impact - The rise in yields is likely to encourage capital inflows back into Japanese asset management companies [1] - This trend is expected to further support the recovery of the Japanese yen [1]