PIMCO's Mr. Kakuchi anticipates that the Bank of Japan will raise interest rates at the beginning of the year - actively preparing to invest in ultra-long-term government bonds.

September 3, 2024 8:18 JST (excerpt)
The yield curve remains tilted, with no need for duration, indicating a higher level of volatility than before normalization. This bodes well for active management.
There is a higher level of volatility than before normalization, favoring active management.

Pacific Investment Management (PIMCO), a major player in US bond management, anticipates that the Bank of Japan will embark on further interest rate hikes at the beginning of the year. They are poised to actively invest in ultra-long-term government bonds, taking into account potential changes in future monetary policies and supply-demand deterioration.