How Japan should make use of its ¥1 quadrillion in household savings
In order to create an asset management system that meets global standards, Japan must drastically change its employment practices.
BOJ against 'unstoppable' direct finance after 2011 quake, minutes show
Masaaki Shirakawa, then-BOJ governor, warned that the central bank directly financing government spending would risk a sharp rise in inflation and undermine fiscal discipline.
Global funds ditched JGBs in 2020 for first time in seven years
Overseas investors offloaded a net ¥2.79 trillion ($26.5 billion) of JGBs, the first drop since 2013, according to the latest balance-of-payments data.
Big investors in Japan may be cashing in on global stock rally
Japanese funds have reaped a 27% return as a stimulus-fueled rally propelled global equities to a record high.
Tumble in global bond yields sees Japan insurers slash purchases
Net purchases of medium- to long-term foreign bonds by insurers were the lowest for an April to September period since 2013, according to ministry data.
Bank of Japan refuses trader requests to work from home
The central bank doesn’t allow home computers to connect to its network for conducting asset purchases, raising concerns at financial firms as virus cases in Tokyo surge.
Fallout from the coronavirus outbreak may finally lift the curse of the safe-haven yen for Japan, but policymakers fear fiscal laxity could lead to a freefall for the currency eventually, undermining efforts to cushion the economy from the pandemic. The yen, which investors typically snap ...
The Bank of Japan carried out an emergency market operation on Thursday, purchasing ¥1.3 trillion ($12 billion) of government bonds in a bid to curb rising long-term yields. The central bank said the operation was aimed at stabilizing the debt market given its recent volatility. The ...
Japanese asset manager awaits flood of money from regional banks
Japanese financial conglomerate SBI Holdings Inc. anticipates a flood of money from yield-starved regional banks that need help reinvesting cash after redeeming government bonds. A year-old SBI unit that invests on behalf of local banks should see assets at least doubling to ¥300 billion ($2.7 ...
Finance Minister Taro Aso indicated a new openness to introducing 50-year government bonds, days after the country's central bank chief suggested such a move could be helpful. "This is one topic of our considerations," Aso told reporters Friday in Tokyo when asked about the potential ...
Bank of Japan's threat to global bonds fizzles as Japanese insurers stay put
For all the frenzy over the Bank of Japan's first policy tweak in almost two years, little seems to have changed for the nation's insurers. That's because the rise in long-end government bond yields seen after the central bank's July 31 decision has proved to ...
Bank of Japan's bid to taper by stealth made tougher by supercharged yen
The Bank of Japan is finding out just how hard it is to be stealthy — when everyone is looking right at you. The central bank looks set to end this fiscal year well behind on its target for government bond purchases. But having inadvertently ...
