Mitsubishi UFJ Asset Management

Japan's 3.075% bond yield gives its institutions a reason to keep money at home

Japan's 10-year bond yield hit 3.075%, its highest since 1996, after the Bank of Japan raised its policy rate to 1.25%. BlackRock's scenario for money shifting home from Treasuries puts it at $55 billion, 5% of Japan's $1.1 trillion holding.