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Mia Glass
While Japanese government bonds saw yields rise to multiyear highs in May, the attractiveness has been offset by concerns that the Bank of Japan is unlikely to tighten monetary policy quickly enough to contain inflation.
BUSINESS / Companies
Jun 22, 2026
Japanese insurers sold domestic superlong bonds as yields soared
Local insurers sold a net ¥201.2 billion ($1.25 billion) of Japanese sovereign debt due in more than 10 years, according to the latest Japan Securities Dealers Association data.
The most up-to-date data for April shows that overseas investors sold more superlong Japanese debt than they bought for the first time since 2024.
BUSINESS / Economy
Jun 15, 2026
Global funds pull back from long-dated JGBs amid concern of pressure on BOJ
Data for April shows that overseas investors sold more superlong Japanese debt than they bought for the first time since 2024.
Bank trust accounts bought a net ¥3.16 trillion ($19.7 billion) in May, the highest in data going back to 2005.
BUSINESS / Companies
Jun 8, 2026
Japanese pension fund proxies buy record foreign bonds in May
Bank trust accounts bought a net ¥3.16 trillion ($19.7 billion) in May, preliminary figures from the Finance Ministry showed on Monday.
Mitsubishi UFJ Asset Management warned that the Bank of Japan may need a larger or unscheduled rate hike, saying an expected increase this month may not be enough to halt the yen’s slide and weakness in government bonds.
BUSINESS / Companies
Jun 5, 2026
Mitsubishi UFJ says Japan may need jumbo rate hike to boost yen
Mitsubishi UFJ Asset Management said a larger or out-of-cycle Bank of Japan rate hike can’t be ruled out, warning that an expected increase this month may not be enough to prevent further declines in the yen and Japanese government bonds.
Yen underperformed all its Group-of-10 peers in May despite record spending by Japan.
BUSINESS / Economy
Jun 1, 2026
Yen defies record intervention as wait for BOJ hike raises risks
The currency underperformed all its Group-of-10 peers in May despite record spending by Japan, putting it in danger of weakening to 160 against the dollar before June 16.
Initial analysis of Bank of Japan accounts indicates as much as ¥10 trillion ($63 billion) was spent to bolster the yen from April 30 through May 6.
BUSINESS / Markets
May 28, 2026
Japan intervention data eyed as yen hovers near 160 per dollar
A person familiar with the matter said intervention took place on April 30 and price moves through May 6 bear the hallmarks of government purchases.
An electronic screen displays the yen exchange rate against the U.S. dollar, euro and other foreign currencies in Tokyo on Tuesday.
BUSINESS / Markets
May 16, 2026
Curious yen spikes have traders gaming Japan ‘warning shots’
Investors and strategists are debating whether Japanese authorities are trying to stem further weakness in the yen through smaller operations.
U.S. Treasury Secretary Scott Bessent said the U.S. is “absolutely not” intervening in the dollar-yen market.
BUSINESS / Markets
Jan 29, 2026
Traders highlight risks for Japan going solo on yen intervention
Hopes were dented after Bessent said on Wednesday the U.S. is “absolutely not” intervening in the dollar-yen market.
Japan’s 40-year bond yield has reached 4%, the highest since its 2007 debut and the first time any Japanese government bond has hit this level in over 30 years.
BUSINESS / Economy
Jan 20, 2026
Japan’s 40-year yield hits 4% as Takaichi’s tax plan sinks bonds
Investors have been dumping Japanese bonds amid speculation Prime Minister Sanae Takaichi’s party will win more seats in a Feb. 8 vote, giving her a freer hand to boost stimulus.
An employee counts Turkish lira banknotes at a currency exchange bureau in Istanbul. The lira has for years been one of the world’s most volatile currencies, but offers carry traders interest rates that are hard to beat.
BUSINESS / Markets
Nov 20, 2025
Japan traders’ fondness for Turkish lira prompts fears of intervention losses
The lira is one of the world’s most volatile currencies and Tokyo is increasingly uneasy with the weakness of the yen, leaving day traders exposed on all sides.
The yen has fallen about 4.5% against the dollar so far this quarter, the most among its Group of 10 peers.
BUSINESS / Economy
Nov 13, 2025
Japan’s slumping currency intensifies debate over intervention
As the yen slumps toward levels that previously drew authorities into the market, traders are increasingly skeptical that direct intervention will work this time.
Nomura Asset Management has been buying U.K. government bonds as their yields appear more attractive than those of other European countries.
BUSINESS / Companies
Oct 31, 2025
Nomura’s Maeda says gilts are most compelling bet in Europe
Despite a tumble in gilt yields this month, the 10-year maturity is yielding about 4.4%, making it appealing for investors in Japan.
Finance Minister Katsunobu Kato
BUSINESS / Economy
Aug 1, 2025
Japan’s Kato voices concern with yen at weakest since March
Kato’s comments came after the yen slid past the 150 level against the dollar on Thursday, following the BOJ’s decision to leave interest rates unchanged.
Prime Minister Shigeru Ishiba, also president of the ruling Liberal Democratic Party, speaks to reporters at the party's headquarters in Tokyo on Monday. The party’s loss in the July 20 Upper House election has become the defining factor for the yen.
BUSINESS / Markets
Jul 30, 2025
Yen option traders brace for more weakness ahead of BOJ decision
Analysts warn that Prime Minister Shigeru Ishiba may resort to populist spending to shore up support for his weakened coalition.
An electronic board shows the broad Topix index hitting a record high on Thursday.
BUSINESS / Markets
Jul 27, 2025
Japan investors brace for BOJ and earnings results after Trump-fueled rally
As the dust settles following the U.S.-Japan trade deal that sent markets on a wild ride, investors are questioning whether the rally was a sign of things to come.
The BOJ holds its next policy meeting on June 16-17, when the board is widely expected to keep the benchmark rate unchanged.
BUSINESS / Economy
Jun 6, 2025
Pressure mounts for Japan to adjust bond sales as soon as July
The BOJ holds its next policy meeting on June 16-17, when the board is widely expected to keep the benchmark rate unchanged.
The Finance Ministry in Tokyo's Chiyoda Ward
BUSINESS / Markets
May 28, 2025
Weak 40-year bond sale keeps pressure on Japan to tweak issuance
The 40-year yield rose 5 basis points following the sale, to 3.335% as of 4:20 p.m. in Tokyo, while the 30-year rate jumped 7 basis points.
The Bank of Japan headquarters in Tokyo. Investors are shunning an auction of government debt and yields are soaring as the BOJ reduces its purchases of government bonds.
BUSINESS / Markets
May 21, 2025
Buyers recoil from Japanese bonds in warning to BOJ on balance-sheet cuts
The rout in the nation’s $7.8 trillion government bond market is most acute for longer-maturity debt.
Yields in Japan’s $7.8 trillion government debt market are now rising rapidly after years of moving at a glacial pace.
BUSINESS / Economy
May 16, 2025
Japan’s steep bond curve divides investors and challenges economy
Yields in the country’s $7.8 trillion government debt market are shifting higher at breakneck speed after years of moving at a glacial pace.
As the global trade war intensifies, the debt, the main investment for Japan’s life insurers, has seen wild swings along with its U.S. counterparts.
BUSINESS / Companies
Apr 18, 2025
Major Japan life insurer to pile into domestic superlong bonds
Investment decisions by Japan’s life insurers can move global markets, and Fukoku Mutual Life Insurance will be the first among its major peers to report such plans.

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