Japanese banks and insurers return to domestic bonds as yields surge

Japanese banks and insurers are returning to domestic bonds as yields surge.

The shift involves financial institutions in Japan and bonds issued in their home market.

The available information does not give details on which institutions are involved or how much they are buying.

Rising yields are linked to the renewed interest in these bonds.

The change matters because it points to a shift in where Japanese banks and insurers are investing.

No further steps or timetable are specified.