Iyogin Holdings Inc. has started buying Japanese government debt for the first time in a decade, with small purchases of super-long bonds. The bank's CEO Kenji Miyoshi expects the Bank of Japan policy rate to rise to around 1.5% by the end of next year, and is investing in JGBs to diversify risks across its securities portfolio. Iyogin's move comes as many insurers and foreign investors are avoiding JGBs due to concerns about yields rising from Japan's fiscal policy and inflation.
- Iyogin Holdings, a top Japanese bond-trading regional bank, has resumed purchasing Japanese Government Bonds (JGBs) after a decade-long hiatus, focusing on super-long bonds.
- The bank's CEO anticipates a rise in the Bank of Japan's policy rate to 1.5% by end-2025, viewing current market conditions as an opportunity for investment despite broader investor caution due to inflation and fiscal policy concerns.
- Iyogin also maintains a diversified portfolio including foreign debt (with successful currency risk-taking) and has seen significant gains from Nvidia stock investments, while also being a major player in ship finance with a notable shift towards Swiss franc-denominated loans.
Topics: Asset types, Market cycles macro sensitivity, Public debt, Financial instruments, Interest rate sensitivity, Tokenized us treasuries, Global sovereign bond tokenization
Tags: #japanesegovernmentbonds #iyoginholdings #bankofjapan #interestrates #yields #securitiesportfolio #inflation #currencyrisk #shipfinance #swissfrancfinancing
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