After the collapse of Japanese government bonds, Japan’s second-largest bank made a statement: ready to buy the dip and double its holdings!
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As Japan’s second largest bank, Sumitomo Mitsui Financial Group plans to aggressively rebuild its domestic sovereign debt holdings once market yields stabilize. The bank’s Global Markets Head, Arihiro Nagata, said they are prepared to double the current size of their Japanese government bond portfolio from ¥10.6 trillion