Ultra-Long-Term Japanese Government Bonds: Interest Rate, Maturity, and Inflation Risks

Rakuten Securities has begun offering 20-, 30-, and 40-year Japanese government bonds, and this segment examines whether such ultra-long-term bonds suit individual investors. It outlines the product characteristics and the speaker’s three reasons for not recommending them, then discusses how bonds may fit into a broader asset-management approach.

■ Background and product scope
- Rakuten Securities handling of 20-, 30-, and 40-year Japanese government bonds
- Recent yield trends for ultra-long-term Japanese government bonds

■ Stated reasons for not recommending
- Sensitivity to rising interest rates and price volatility
- Long maturity, liquidity constraints, and trading costs
- Vulnerability to inflation over long holding periods

■ Portfolio context and promotional segment
- Bonds as surplus-fund vehicles rather than emergency cash
- Long-term comparison of stocks and bonds
- LibeCity membership, homework list, and community features

The content is aimed at viewers considering ultra-long-term Japanese government bonds or reviewing bond allocations. It provides a structured way to assess interest-rate risk, capital lock-up, costs, and inflation, and encourages keeping near-term funds in cash while treating bonds as part of a diversified portfolio. It does not provide individualized investment advice or specific yield forecasts.