Global Market: Japanese fund managers bet big on yen bonds as BOJ policy shift lifts yields

Japanese asset managers including Mizuho Financial Group's AMO and Nomura Asset Management are expanding yen bond offerings as the Bank of Japan's policy normalization pushes yields higher. AMO secured its first foreign mandate for a yen bond fund, while Nomura is preparing an actively managed fund for JGBs and corporate bonds. Global players like Amundi and BlackRock are also reassessing Japan, though some remain underweight awaiting better entry points amid inflation and fiscal concerns.