Pimco may eye long-term JGBs if yields hit 3%, Japan co-head says

Japan's credit not at risk, but government must be careful about spending: Masanao Tomoya Masanao, co-head of Pimco Japan, thinks that friction between the Bank of Japan and the government could emerge. (Photo by Genki Ikuta) TOKYO — With Japanese government bond yields climbing to historically high levels, major institutional investors are repositioning themselves in the market.

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