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April 25, 2025
 

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BONDS

Demand for Japanese debt has risen since March as the Trump administration’s higher tariffs sparked a surge in market volatility.
BUSINESS
Apr 21, 2025
Japan’s superlong bonds draw record foreign inflow on haven bid
Global funds bought a net ¥2.18 trillion of the nation’s debt with original maturities of more than 10 years.
As the global trade war intensifies, the debt, the main investment for Japan’s life insurers, has seen wild swings along with its U.S. counterparts.
BUSINESS / Companies
Apr 18, 2025
Major Japan life insurer to pile into domestic superlong bonds
Investment decisions by Japan’s life insurers can move global markets, and Fukoku Mutual Life Insurance will be the first among its major peers to report such plans.
Unsold bonds are also being covertly peddled at discounted prices, according to several market participants, including investors.
BUSINESS / Economy
Apr 18, 2025
Japanese municipal bond deals fail to sell as rate swings surge
This month’s heightened market volatility have also led to delays and cancellations of several Japanese corporate bond offerings.
RBC BlueBay Asset Management has shifted to an overweight position in 30-year bonds, as it believes the Bank of Japan may not be in a hurry to raise rates.
BUSINESS / Markets
Apr 18, 2025
BlueBay piles into Japanese bonds, ditching bets on deeper fall
The firm has shifted to an overweight position in 30-year bonds over the past week as the U.S. trade war darkens the economic outlook.
Taro Kitabayashi, chief executive officer of Norinchukin Bank, during an interview in Tokyo, on April 9. Kitabayashi said the bank finished selling off its unprofitable U.S. Treasury holdings by the end of March, thus avoiding the volatility last week as Trump’s trade policies whipsawed markets.
BUSINESS / Companies
Apr 15, 2025
Norinchukin dodges Trump’s market chaos after selling Treasuries
New Chief Executive Taro Kitabayashi said the bank finished selling off its unprofitable U.S. Treasury holdings by the end of March.
U.S. President Donald Trump and Prime Minister Shigeru Ishiba hold a news conference at the White House in Washington on Feb. 7. Tokyo's focus on economic strength to promote security contrasts with Washington's current era of unpredictability.
COMMENTARY / Japan
Apr 15, 2025
For real national security, try a Japanese perspective
Genuine national security starts from a strong economy, one that provides for its citizens, incentivizes growth, production and wealth, and invites foreign participation.
Liberal Democratic Party policy chief Itsunori Onodera speaks at LDP headquarters in Tokyo last October.
BUSINESS / Economy
Apr 13, 2025
Japan doesn’t plan to use U.S. Treasurys as tariff talk leverage
Causing market disruption "is certainly not a good idea,” Liberal Democratic Party policy chief Itsunori Onodera said.
A trader works on the floor of the New York Stock Exchange during afternoon trading on Wednesday in New York.
BUSINESS / Economy / ANALYSIS
Apr 12, 2025
Asset flight challenges U.S. safe haven status
The U.S. has long been considered a financial safe haven —but Trump's trade war is starting to raise questions about if that's still true.
Berkshire Hathaway concluded a ¥90 billion ($628 million) bond deal on Friday, the smallest yen deal by investor Warren Buffett’s firm since it started tapping the Japanese market in 2019.
BUSINESS / Companies
Apr 11, 2025
Berkshire sells $628 million in yen bonds in smallest Japan deal
The move came despite sharp market volatility prompting several Japanese companies to cancel sales.
Some market participants predict that benchmark 10-year borrowing costs won’t climb as sharply as the fiscal year that ended Monday.
BUSINESS / Markets
Apr 1, 2025
Japan confronts biggest bond loss globally as BOJ rate hikes upend market
The past year marked a sixth straight year of losses for Japan’s sovereign debt as the central bank raises rates while its other counterparts elsewhere are cutting them.
Yields on Japan's 10-year government bonds have risen at a fast pace since the Bank of Japan ended its negative-rate policy last year and started to tighten.
BUSINESS / Markets
Mar 25, 2025
Japan bond rout signals era of ultralow rates might really be over  
For the first time in 16 years, yields on Japanese 10-year government bonds have jumped 50 basis points since November to above 1.5%.
Yields on Japanese government bonds have climbed to the highest since 2006 as traders expect the Bank of Japan to keep hiking interest rates this year while peers from the U.S. to Australia ease monetary policy.
BUSINESS / Companies
Mar 18, 2025
Pimco takes profit on Japan bond trade as interest rates rise
The American investment management firm has turned "overall neutral” on Japanese government bonds.
Bank of Japan Gov. Kazuo Ueda has indicated he has little problem with the recent rising yield trend.
BUSINESS
Mar 13, 2025
Shift in BOJ stance favors free market functioning over intervention
People familiar with the central bank's policy approach say the market should decide rates, and that investors need to get used to a world without yield curve control.
Nomura Holdings and Japan's other big brokers are having second thoughts about selling so-called structured loans to regional lenders.
BUSINESS / Economy
Mar 11, 2025
Japan brokers rethink repackaged JGBs after regulator warning
There are concerns that buyers might lack proper risk management for the product and could suffer mounting losses if market interest rates move against them.
In the Japanese credit market, Change of Control covenants — which give bondholders certain rights to redeem the debt before maturity if the borrower has a significant change in ownership structure — have been very rarely seen, until now.
BUSINESS / Companies
Mar 10, 2025
Japan credit investors seek shield from M&A risks as deals boom
Change of Control clauses, which had been rare in Japan, are being increasingly sought by investors.
The yield on Japan’s 10-year note climbed 7 basis points to 1.5%, the highest since 2009.
BUSINESS / Economy
Mar 6, 2025
German bond rout goes global as yields surge in Japan
The yield on Japan’s 10-year note climbed 7 basis points to 1.5%, the highest since 2009.
Toshinori Yashiki, director-general of the Financial Services Agency’s strategy development and management bureau, speaks during an interview on Thursday.
BUSINESS / Economy
Feb 28, 2025
Japan to crack down on booming market for JGB-backed loans
The Financial Services Agency will scrutinize banks that have increased purchases of Japanese government bonds that are repackaged into loans over the past year.
There’s keen interest in the market on whether Japan’s regional banks will pour back into benchmark 10-year notes, whose yields jumped to the highest levels since 2009 in Tokyo trading on Friday.
BUSINESS / Companies
Feb 25, 2025
One of Japan's top regional banks holds JGB buying on bet rates to climb
There’s keen interest in the market on whether Japan’s regional banks will pour back into benchmark 10-year notes.
Japanese investors are estimated to have increased holdings of Chinese bonds by 53% last year, the most among the markets that make up the World Government Bond Index, according to Bloomberg analysis of Japanese balance-of-payments data.
BUSINESS / Markets
Feb 22, 2025
Tokyo fund buys China bonds for first time on Japanification bet
"Our long-term view is that it’s inevitable for China to follow the path of Japan,” said Hikaru Tanaka, fund manager at Asset Management One.
Bank of Japan Gov. Kazuo Ueda speaks to reporters on Thursday in Tokyo.
BUSINESS / Markets
Feb 21, 2025
Japan yields fall as Ueda warns BOJ can step in to smooth market
Bond yields fell and the yen weakened following Ueda’s comments.
Amid uncertain tariffs, is now the time to buy a new iPhone?
An Apple store in Tokyo's Shibuya Ward in September. Prices for the newest iPhone models start at around ¥100,000 ($700) in Japan.
Japan must correct Trump’s false data for trade talks, says Kono
Former Foreign Minister Taro Kono
Japan wants to 'separate' tariff and security issues. That may be tough.
Japan’s chief tariff negotiator, Ryosei Akazawa, poses with a "Make America Great Again" cap at the White House in Washington on April 16.
Social media helps fuel growing 'sex tourism' in Japan
People walk down a street in the red-light entertainment area of Kabukicho in the Shinjuku district of Tokyo on March 31.
Japan set to fine cyclists on the spot for rule violations from 2026
Under new rules, those who use smartphones while riding a bicycle would be subject to the maximum fine of ¥12,000.
Amid uncertain tariffs, is now the time to buy a new iPhone?
An Apple store in Tokyo's Shibuya Ward in September. Prices for the newest iPhone models start at around ¥100,000 ($700) in Japan.
Built in a flash, Osaka Expo pavilions wrestle with sustainability
Kengo Kuma & Associates oversaw the construction of the Malaysia pavilion, which is encased in interwoven rows of bamboo that appear to ripple.
Japan weighs using U.S. rice imports as tariff negotiation tool with Trump
A restaurant owner pours California-grown Calrose rice into a rice cooker at his restaurant in Tokyo
Is Japan’s parliament ready to welcome more youth to its ranks?
Lower House lawmaker Kai Odake in his Tokyo office on Wednesday
Crow meat, goat tartare: Mauvaise Herbe raises its game
Crow meat, shaped into a ball and attached to a foot of the bird, is one of the peculiar offerings of game at Mauvaise Herbe.

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