Sumitomo Mitsui may resume JGB buys once inflation picks up

Dec 25, 2013

Sumitomo Mitsui may resume JGB buys once inflation picks up

Sumitomo Mitsui Financial Group Inc., the biggest seller of Japanese government bonds among the nation’s three biggest banks, may start buying again once inflation picks up, President Koichi Miyata said. The lending unit of Japan’s second-largest bank by market value stopped selling JGBs after ...

Aug 9, 2013

A first: Nation's debt tops ¥1 quadrillion

The national debt exceeded ¥1 quadrillion for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales tax increase to shore up government finances. The country’s outstanding public debt, including borrowings, reached a record ¥1.08 quadrillion ($10.4 trillion) ...

Tax delay, Fed paring called threat to JGB bubble

Aug 2, 2013

Tax delay, Fed paring called threat to JGB bubble

Takeshi Fujimaki, a former adviser to billionaire investor George Soros who won a seat in the Upper House election last month, said a delay in increasing the sales tax and a reduction in the U.S. Federal Reserve’s stimulus could cause the Japanese government bond ...

JGB yields hit 1% first time in year

May 24, 2013

JGB yields hit 1% first time in year

Japanese government bonds fell Thursday, with 10-year rates touching 1 percent for the first time in a year, on speculation the U.S. Federal Reserve will curb stimulus and the Bank of Japan will tolerate an increase in yields. Japan’s five-year note rate matched the ...

JGB yield spikes raise alarm bells

May 18, 2013

JGB yield spikes raise alarm bells

by Reiji Yoshida

Is it a sign of a full-fledged economic recovery or a looming catastrophe in the monetary making? Recent spikes in Japan’s long-term interest rate, represented by the 10-year government bond, have created a stir and roused a deep sense of alarm among investors and ...