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BONDS¥

Finance Minister Shunichi Suzuki says higher interest rates would worsen the country's finances.
BUSINESS / Markets
Oct 3, 2023
Japan lifts coupon rate on 10-year government bonds to 0.8%
The coupon rate is double the previous 0.4% for issuance until September and marks the highest level since October 2013.
The Bank of Japan headquarters in Tokyo
BUSINESS
Sep 29, 2023
Biggest selloff in 25 years hits Japan bonds as BOJ loosens grip
The selloff is a reminder that the nation’s debt market relies in part on support from public-sector institutions to outperform global peers.
The Bank of Japan headquarters in Tokyo
BUSINESS
Sep 27, 2023
BOJ raised yield cap due to market calm and likely wage growth
The minutes of the July meeting pointed to growing confidence among some BOJ members about the prospect of wage growth.
SoftBank is targeting ¥120 billion in sales of the so-called bond-type class shares that will be listed on the Tokyo Stock Exchange.
BUSINESS / Companies
Sep 25, 2023
SoftBank to sell more than ¥120 billion of bond-type stock
The firm has tentatively offered a dividend rate from 2.5% to 3% for the first five years.
South Korean President Yoon Suk-yeol (left), U.S. President Joe Biden (center) and Prime Minister Fumio Kishida hold a joint news conference following a trilateral summit at Camp David near Thurmont, Maryland, on Aug. 18.
BUSINESS
Sep 4, 2023
South Korea kicks off historic 'samurai bond' sale in Japan
The historic debt offering comes as part of broad-based improvement in ties between Seoul and Tokyo.
Investors in Japan have filed a lawsuit against Mitsubishi UFJ Financial Group’s joint venture brokerage with Morgan Stanley, seeking to recover losses from Credit Suisse's riskiest debt.
BUSINESS / Markets
Sep 1, 2023
MUFG joint-venture brokerage sued over Credit Suisse AT1 sales
Investors are demanding ¥5.2 billion ($36 million) in compensation from Mitsubishi UFJ Morgan Stanley Securities.
Kenya Koshimizu, senior executive at Mizuho Financial Group, speaks during an interview in Tokyo on Monday.
BUSINESS / Economy
Aug 22, 2023
Mizuho deferring JGB purchases as BOJ mulls policy exit: official
Banks face a looming inflection point as Japan's economy approaches policy normalization after years of little growth, weak spending and massive easing.
The Bank of Japan headquarters in Tokyo
BUSINESS
Aug 21, 2023
BOJ adjustments show strain as record bond buying continues
Doubling the effective cap on benchmark yields in December and again last month has yet to significantly reduce the central bank's purchases.
The Bank of Japan headquarters in Tokyo. Some economists see the central bank’s loosening of restraints on 10-year bond yields as a message to the government that it now will have to do financial management responsibly, because the BOJ won’t control yields as firmly as it used to.
BUSINESS
Aug 4, 2023
Japan’s fiscal plight draws scrutiny after BOJ policy tweak
Tokyo seeking to expand spending on defense and child care, even as the national debt has grown to almost 260% of gross domestic product.
The U.S. Capitol in Washington. After its downgrade of the U.S., Fitch’s AAA club now consists of Germany and Australia, along with seven others, including smaller, rich countries such as Switzerland and Luxembourg.
BUSINESS
Aug 4, 2023
Pristine AAA bond universe just got a whole lot smaller
Fitch's U.S. downgrade is the latest example of a decadelong trend in rich economies as worries about high and rising debt burdens come to the fore.
The Bank of Japan headquarters in Tokyo. BOJ Deputy Gov. Shinichi Uchida has said there is still a long way to go before conditions fall into place for the bank to raise its short-term interest rate target.
BUSINESS
Aug 2, 2023
BOJ tweak not prelude to ultralow rates exit: deputy governor
Shinichi Uchida said there is still a long way to go before the BOJ can raise its short-term interest rate target from the current minus 0.1%.
Bank of Japan Gov. Kazuo Ueda gives a news conference in Tokyo on Friday. The BOJ jolted financial markets by loosening its grip on bond yields.
COMMENTARY / World
Jul 30, 2023
BOJ yields some control, but also throws a curveball
In trying to keep several plates spinning as it pertains to monetary policy and inflation, BOJ Gov. Kazuo Ueda steps on his message.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference at the central bank's headquarters in Tokyo on Friday.
BUSINESS / Economy / FOCUS
Jul 29, 2023
Tricky road ahead after BOJ moves to ease yield curve control
Some economists viewed the BOJ's move to allow long-term yields to rise above its ceiling as an "effective scrapping" or "gutting" of its yield curve control program launched in 2016.
Bank of Japan headquarters in Tokyo on Friday. The Japanese yen is on a bumpy path toward strengthening after Friday's central bank policy change, threatening to upend the carry trade, one of this year's most popular strategies, as the currency inevitably becomes more expensive.
BUSINESS / Economy / ANALYSIS
Jul 29, 2023
Bank of Japan's opaque policy shift means stronger and wilder yen
The Japanese yen is on a bumpy path toward strengthening after Friday's central bank policy change, threatening to upend the carry trade.
Monex Group was sued on Thursday in what is believed to be the first lawsuit questioning the responsibility of a Japanese securities company over Credit Suisse AT1 bond losses.
BUSINESS / Companies
Jul 28, 2023
Japan’s Monex sued by client for Credit Suisse bond loss
The move marks a rare case of a financial institution being accused of responsibility for investor losses triggered by Switzerland’s move to wipe out the bonds.
Kazuo Ueda, governor of the Bank of Japan, speaks during a news conference at the central bank's headquarters in Tokyo on Friday.
BUSINESS / Economy
Jul 28, 2023
BOJ to allow ‘greater flexibility’ with yield curve control policy
The bank also raised its inflation forecast in the quarterly outlook, projecting that consumer prices for fiscal 2023 will be 2.5%.
Veteran Japanese investors are split over whether to put their money into Chinese bonds.
BUSINESS / Markets
Jul 27, 2023
Friends who help manage $640 billion clash on China bonds
While they’ve been friends for at least a decade, their take on trading China bonds couldn’t be more diametrically opposed.
Mizuho Financial Group has become the third Japanese megabank to sell Additional Tier 1 bonds after the collapse of Credit Suisse set off a global fire sale.
BUSINESS / Markets
Jul 20, 2023
Mizuho sells ¥261 billion of AT1 bonds after Credit Suisse turmoil
The lender joined Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group in issuing AT1 bonds this year, while the market in Europe is only just reopening.
Investors have scooped up yen debt from issuers outside Japan, fueling the busiest July since 2018.
BUSINESS / Markets
Jul 24, 2023
Global yen bond market emerges as oasis amid Japan volatility
Investors have scooped up yen debt from issuers outside Japan, fueling the busiest July since 2018.
Japan Times
BUSINESS
Jul 19, 2023
Tokyo traders await June inflation data ahead of BOJ policy meeting
Consumer prices excluding fresh food and energy costs have seen price gains hovering close to a high of more than four decades.

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