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April 26, 2024
 

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JGB

The Meiji Yasuda Life Insurance headquarters in Tokyo. Japan's life insurers will lay out their investment plans for the new fiscal year starting this month.
BUSINESS / Companies
Apr 15, 2024
Investment plans for Japan’s insurers will likely favor JGBs
Companies will lay out their plans for the fiscal year starting this month.
Bank of Japan Gov. Kazuo Ueda has indicated the central bank's debt buying will be dialed back at some point.
BUSINESS
Apr 9, 2024
Japan’s bond market liquidity improves as BOJ loosens its grip
Among the signs of progress, the average bid-ask spread to trade the country’s debt has tightened to the narrowest in at least six months.
The Meiji Yasuda Life Insurance headquarters in Tokyo. The insurer isn't interested in buying Japan’s superlong sovereign bonds until yields start rising.
BUSINESS / Markets
Jan 16, 2024
Meiji Yasuda Life Insurance to avoid Japan sovereign bonds for now
Japanese life insurers are the main buyer of bonds due in more than 10 years and typically increase purchases toward the end of the fiscal year.
Former finance ministry official Michio Saito says Japanese long-term yields won’t climb much beyond 1% even if the Bank of Japan revises its yield curve control program.
BUSINESS / Markets
Jan 15, 2024
Mr. JGB says end of BOJ’s negative rate won’t set yields on fire
Yields won’t keep shooting up after the initial jump as the central bank will still be offering support for the economy, says Nomura's Michio Saito.
Prime Minister Fumio Kishida delivers a policy speech to the Lower House of parliament in Tokyo in January.
JAPAN
Dec 23, 2023
Pivot to pre-COVID normalcy tests Japan's fiscal spending appetite
A projected expansion of nominal GDP beyond ¥600 trillion for the first time may bring about the BOJ's gradual shift in policy.
Bank of Japan Gov. Kazuo Ueda in a news conference on Tuesday, when the central bank adjusted its cap on bond yields.
BUSINESS / Markets
Nov 2, 2023
Japan's yen and bond priorities at odds as market pressure grows
Unscheduled bond purchases by the Bank of Japan Wednesday worked directly against Finance Ministry efforts to support the yen.
BOJ Gov. Kazuo Ueda speaks during a news conference on Tuesday in Tokyo.
BUSINESS / Economy
Oct 31, 2023
Bank of Japan to allow 10-year yields to top 1%
The development is significant as the central bank has long maintained its strategy of buying up government bonds to control interest rates.
The Bank of Japan is holding a two-day policy meeting through Tuesday.
BUSINESS / Economy
Oct 30, 2023
Ueda faces market fallout risk as BOJ mulls yields, prices and yen
In a sign of just how fraught the discussions on policy may be, BOJ officials are likely to monitor yield movements until the very last minute.
Nippon Life Insurance will focus purchases on 30-year JGBs, with the current yield of above 1.8% "good in terms of absolute level," a representative for the insurer said at a recent briefing.
BUSINESS / Markets
Oct 27, 2023
Japan's life insurers to boost JGB buying but wary of policy shift
Nippon Life, Dai-Ichi Life and Meiji Yasuda Life were among those who said they aimed to buy the longest-dated JGBs amid the highest yields in a decade.
The Bank of Japan intervened in the Japanese government bond (JGB) market on Friday for the fifth time this month after the 10-year yield rose to a fresh decade high.
BUSINESS / Markets
Oct 20, 2023
Bank of Japan intervenes as 10-year JGB yield hits fresh decade peak
The benchmark JGB yield climbed to 0.845% right at the start of the trading day, its highest since July 2013, after revisiting peaks the previous day.
The Bank of Japan headquarters in Tokyo. The central bank is likely to discuss raising its inflation projection for fiscal year 2023 and 2024 at its policy meeting later this month.
BUSINESS
Oct 18, 2023
BOJ seen lifting inflation forecasts as pressure on policy grows
Central bank is also seen upgrading its forecast for 2024 from the current 1.9%, to at or above 2.0%.
The Bank of Japan headquarters in Tokyo. The central bank announced an emergency bond-buying operation on Wednesday after the 10-year Japanese government bond yield hit a new decade high.
BUSINESS
Oct 18, 2023
Bank of Japan steps into debt market to slow rising bond yields
The operation had no immediate impact on the benchmark 10-year yield, which earlier in the day touched 0.815%, a fresh decade high.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
Oct 15, 2023
BOJ bought over ¥1 quadrillion in bonds in decade of easing policy
The central bank held about ¥580 trillion worth of government bonds as of the end of June, equivalent to 53% of outstanding government debt.
There are expectations that Japan’s life insurers may increase purchases of Japanese government bonds as yields rise at home along with signs that the central bank is edging toward a normalization of monetary policy.
BUSINESS / Markets
Oct 13, 2023
Japan’s rising yields and yen hedging costs drive insurers to JGBs
Japanese government bonds are drawing interest amid signs that the central bank is edging toward a normalization of monetary policy.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
Oct 4, 2023
JGB yields hit fresh multiyear highs despite BOJ intervention
The benchmark 10-year JGB yield hovered around 0.78%, its highest since September 2013, after having fallen slightly the previous day.
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.
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.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Over 40% of Japan's municipalities at risk of vanishing, study finds
Of 1,729 local municipalities nationwide, 744 have been identified as being at risk of disappearing.
Princess Aiko makes debut at imperial garden party
Princess Aiko attends an imperial garden party in Tokyo on Tuesday.
Yen inches closer to intervention point as BOJ meeting starts
The rate of the yen against the U.S. dollar is displayed in the trading room at foreign exchange brokerage Gaitame.com in Tokyo on Thursday.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.
Tokyo's Koto Ward by-election a race unlike any other
Natsumi Sakai, the Constitutional Democratic Party of Japan’s candidate and one of four female candidates running in the by-election, touts her experience as a cancer survivor and midwife as having prepared her to tackle issues that women currently face.
Kyotographie's strong 12th edition shines light into the margins
Yassine Alaoui Ismaili, who goes by Yoriyas, turned to photography, shooting motion while in motion himself, after an injury forced him to give up his career as a professional breakdancer.
For amateur sumo, a fresh start offers hope against time-wasting and gamesmanship
Wrestlers prepare for the start of a bout at the 2023 Sumo World Championships in Tokyo. Starting this month, placing one hand on the clay first is no longer allowed.
LDP veteran Nikai's youngest son expected to succeed him in Wakayama
Toshihiro Nikai, former secretary-general of the Liberal Democratic Party, announced in March that he would not run in the next Lower House election to take responsibility for the political funds scandal that rocked his party and his own faction.
New workers name Shohei Ohtani as 'dream boss' for two years running
Shohei Ohtani has been overwhelmingly voted as the “dream boss” for people who started working in April, according to a survey.

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
[Rebroadcast] Japan is doing better on accessibility than you may think

Longform

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
The story isn't over for Japan's bookstores
By Alex K.T. Martin

SUSTAINABLE JAPAN

Leading Japan’s sustainability from Tokyo
Leading Japan’s sustainability from Tokyo

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