• Compiled From Kyodo, Bloomberg

  • SHARE

Lehman Brothers Japan Inc. has defaulted on payment for about ¥120 billion in Japanese government securities it successfully bid for, according to informed sources.

The development Wednesday prevented the Finance Ministry from issuing the securities in question, the sources said. The securities are two-year notes auctioned Aug. 28 and financing bills auctioned Sept. 10. The payment date for both securities was Tuesday.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW