Japan Banks' Long-Bond Binge Risks Loss If Abenomics Wins or Not

  • They bought a net 197.4 bln yen of super-long JGBs in January
  • Potential valuation-loss would be big on yield gain: MUFJ MS

Japanese banks are loading up on longer maturity bonds in their hunt for yield, a move that could come back to haunt them whether Abenomics succeeds or fails.

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