Group 1 - The core viewpoint of the article is that Fukoku Mutual Life, the first major life insurance company in Japan, plans to shift its investment strategy by increasing holdings in Japanese ultra-long-term government bonds while considering a reduction in foreign debt [1] - The company’s investment planning department head, Junya Morizane, stated that the yield has risen to a level consistent with their investment outlook, indicating a significant opportunity for bond repurchasing and increasing bond holdings [1] - The total investment assets of Japanese life insurance companies are approximately 390 trillion yen (2.7 trillion USD), making their investment decisions influential in the global market [1] Group 2 - Fukoku Mutual Life aims to increase its holdings of Japanese government bonds by 30 billion yen, with total purchases potentially reaching 300-400 billion yen [1] - The company is the first major life insurance firm to report such investment plans for the current fiscal year, highlighting its proactive approach in the market [1]

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]