Dec 8, 2015

BOJ dooms credit analysts as foreign banks let Tokyo posts lapse

Foreign brokerages are leaving credit analyst positions in Tokyo unfilled as record central bank bond-buying stimulus makes it hard for them to make profits. UBS Group AG, Barclays PLC, Morgan Stanley MUFG Securities Co. and Citigroup Inc. all had analysts at the start of ...

Sep 4, 2015

BOJ readies for liquidity squeeze with T-bill yields below zero

The Bank of Japan is becoming increasingly concerned its massive government bond purchases are drying up market liquidity, six months after investors warned that conditions were deteriorating. The BOJ this week expanded its liquidity-providing facility to include treasury bills, whose yields below zero across ...

Aug 11, 2015

Japan's government debt hits record high ¥1.057 quadrillion

The central government’s debt hit a record high of ¥1.057 quadrillion at the end of June, up by some ¥3.87 trillion from the end of March, according to the Finance Ministry. The national debts, or the combined balance of outstanding Japanese government bonds, financing ...

May 20, 2015

BOJ bond-buying faces challenge as Japan Post slows debt sales

The day when the Bank of Japan can’t find enough bonds to buy is drawing closer. State-owned Japan Post Bank Co. will probably offload about ¥10 trillion ($83 billion) of Japanese government bonds in the year started April 1, according to Bank of America ...

May 11, 2015

Medium-term target expected for 2020 fiscal reform goal

The Abe administration plans to set a medium-term target to achieve its key fiscal reform goal in fiscal 2020, aiming to reduce the ratio of the primary deficit to gross domestic product to around 1 percent in fiscal 2018, sources said Monday. The medium-term ...