
12 AUGUST 2026
Japan—When Yield Comes Home
Western Asset suggests Japanese government bond yields are rising for the first time in decades, prompting domestic investors to repatriate funds and signaling a shift in global capital flows.
Despite recent turmoil in global markets, we believe that the longer-term direction of travel is clear: emerging markets are spreading prosperity at home and driving growth abroad. The downturn has opened investment opportunities and, in our view, provides an attractive entry point for long-term investors.
From fundamental- and passive-equity investing to local and hard-currency debt, and alternative investments, our investment strategies are founded on experience and the deep expertise of investment teams on-the-ground globally.
Explore ways to complement your approach to the developing world.
Investments entail risks, the value of investments can go down as well as up and investors should be aware they might not get back the full value invested.