Iyogin (TYO:5830) has begun purchasing Japanese government bonds for the first time in 10 years, starting with small amounts of super-long debt in April, Bloomberg News reported Monday, citing CEO Kenji Miyoshi in a recent interview.
The move comes as many insurers and foreign investors are avoiding JGBs due to concerns over rising yields tied to inflation and fiscal policy, the news wire said.
Miyoshi forecasts that the Bank of Japan's policy rate will climb to roughly 1.5% by the end of next year, with a possible acceleration including 50-basis-point hikes, the publication said.
He stated that the return to a world of positive interest rates has brought fresh investment opportunities, the report said.
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