Street Signals Podcast: Orix Life CIO Shintaro Yoshida on Capital Repatriation Amid Japan's Rate Normalization
In its latest episode published on October 22, 2026, State Street's Street Signals podcast features Shintaro Yoshida, CIO of Orix Life Insurance, discussing how rising JGB yields are reshaping domestic-versus-foreign allocation decisions and the prospect of capital repatriation.
State Street's Street Signals podcast released a new episode titled "Yen, Rates and Capital Flows: The View from Tokyo" on October 22, 2026. The guest is Shintaro Yoshida, Chief Investment Officer (CIO) of Orix Life Insurance. As a decision-maker at a Japanese life insurer managing one of the world's largest pools of foreign savings, his asset allocation choices significantly impact global bond markets and the yen.
According to the publisher's show notes, the episode focuses on whether the story of persistent yen weakness is starting to change amid the normalization of domestic interest rates in Japan. Specific topics include how rising Japanese Government Bond (JGB) yields are reshaping the domestic-versus-foreign allocation decision, whether repatriation is a real prospect, and what it would take for capital to come home in size.
For professional readers tracking fixed income and FX market dynamics, this episode offers a rare look inside the institutional decision-making that drives these important capital flows. Listeners are encouraged to tune in to hear the guest's specific analysis and judgments on these issues.