Pacific Investment Management Co. (Pimco) says Japan’s 30-year sovereign bond market offers an opportunity after yields rise to record levels. Bloomberg reports Pimco is favoring Japanese 30-year bonds as inflation and government-spending concerns push longer-dated yields higher. The Japanese firm’s view aligns with an assessment of the broader yield curve: The Japan Times notes that Japan’s yield curve is the steepest among developed markets. It attributes the steepness to investor concerns that the Bank of Japan has been too slow to raise interest rates. Taken together, the reports describe a backdrop in which market expectations for policy tightening have shifted, while longer-term borrowing costs remain elevated. Pimco’s stance focuses on the shape of the curve—described as “too steep”—suggesting that it sees relative value in the long end of Japan’s government bond market compared with shorter maturities. The articles do not indicate specific trade sizes or timing, but they characterize the move as a positioning decision based on current yield levels and curve dynamics.