The Global Talent War for a Domestic Market
The reason foreign institutions are desperate to hire JGB talent—offering staggering annual packages of ¥40M to ¥50M ($275k–$350k+)—cannot be explained by domestic Japanese factors alone.
In a world reeling from the crisis in Venezuela, the shifting tides of Saudi Arabia, and the intensifying US-China decoupling, Japanese Government Bonds (JGBs) are being redefined.
Investors no longer view them as a bet on “Japan’s growth,” but as the “world’s most predictable distortion.”
Here is why the pros now view the JGB market as both the ultimate shelter and a primary source of alpha.
