Japan corporate pensions bullish on bonds as rates rise

Japanese corporate pension funds are once again favoring domestic fixed income after years of waning interest, as the Bank of Japan (BOJ) embarks on an unconventional path of interest rate hikes. A decreasing trend in domestic bond allocation appears to be bottoming out, according to JP Morgan Asset Management’s (JPM AM) annual survey of Japanese defined benefits (DB) corporate pension funds. This year’s edition of the survey marks the first year-on-year increase in expected domes…