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After the collapse of Japanese bonds, Japan's second-largest bank has spoken out: prepare to buy the dip, and double the holdings!
Wallstreetcn·- Mitsui Sumitomo Financial Group plans to significantly increase its domestic sovereign debt holdings following stability in market yields. - The bank currently holds ¥ 10.6 trillion in Japanese government bonds and aims to double this, shifting its investment strategy back to domestic bonds after recent volatility in the bond market. - Despite market fluctuations, the bank remains cautious due to inflation risks and uncertainties ahead of the upcoming elections, signaling a strategic repositioning among major institutional investors toward Japanese assets.
