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The article reports on the decision of Bank of Japan to double interest rates from 25 basis points (bp) to 50bp in February 2007. The move made an impact on the yen commercial paper (CP) market and caused confusion on some investors. A dealer stated that German investors have been buying a lot of yen paper but were running out of names. According to some dealers, investors in euro-denominated CP were adopting a wait-and-see approach to interest rates.

Focuses on the growth of demand for Japanese convertible bonds in the Euromarket in 2004. Views of Christopher Mothersill, managing director at Morgan Stanley in Tokyo, on the growth; Information on the bond with a soft mandatory conversion provision issued by Japanese camera manufacturer Nikon in February 2004; Prices of bonds sold by Toshiba.

The article looks at the growth of Japan Finance Corp. for Municipal Enterprises (JFM) in the domestic and international bond markets. JFM does not borrow from the government and is considered the largest Japanese issuer in terms of outstanding paper. Part of its fundraising efforts are issuing bonds such as government guaranteed domestic bonds and private placement bonds. It provides loans to local governments specifically at fixed interest rates with a maximum maturity of 28 years and an average final maturity of 25 years.

Presents updates on companies in Japan which offered securities in the country's securities market. Move of Shinsei Bank to launch a securitisation for Japanese residential mortgages; Launching of the mortgage backed security offerings by the Kanto Tsukuba Bank; Move of UFJ Bank to offer securitisation to small and medium sized companies by launching its second asset backed commercial paper conduits.

The article presents update on the market for medium-term notes and commercial papers in Japan. An insurance company in Japan is understood to have bought a batch of Australian dollar notes. The first was a A$380 million 10 year deal from IADB through Barclays Capital. Commonwealth Bank of Australia issued a ¥500 million 30 year power reverse dual currency through RBS. Municipality Finance sold a ¥100 million 30 year non-call five year annually callable note via Daiwa.

The article reports developments in the global financial services market as of late January 2014, particularly in the Japanese market. It cites the move by the State of North Rhine-Westphalia (NRW) to sell a private placement in yen worth three billion pounds (29.2 million dollars). It also presents the 25 million euro deal for Region Provence-Alpes-Côte d'Azur of France.

Presents developments concerning capital market offerings by Japanese banks as of october 3, 1997. Sumitomo Bank's issuance of the third of three 50 billion yen batches of asset-backed commercial paper (ABCP) from Pegasus Funding Corp.; Sakura Bank's sale of ABCP in the second issue from its Prime Funding Corp. program on September 25, 1997.

Cites the growth of Japanese asset backed commercial paper (ABCP) market. Status of short-term financing rates of companies from the banks; Difference of ABCP market from the securitization market.

The article offers a look at participation of Japanese government agency sector and corporations in the domestic capital market. The competitive prices offered by the domestic market has continuously sway senior debt issuers from participating offshore. Stephen Apted of Daiwa SMBC affirms that Japanese issues will only return offshore if the pricing is more competitive with the local market.

The article reports on the strong performance of the Samurai market in August 2008, which enjoyed a diversity of issuers and investors. By the end of August, volumes were already ahead of the record issuance of 2007. The Samurai is rapidly emerging as the new king of the international Japanese bond markets. By August, 18 volumes of Samurai bonds had hit $17.48 billion from 27 deals.

Analyzes the growth of Samurai corporate bonds in the year 2000. Factors that lead to the growth of Samurai market; Information on several companies which invested in Samurai market; Implications of the growth of the Samurai market to the financial services industry in Japan.

The article reports on the impact of the Bank of Japan's announcement of its quantitative easing program on the Kangaroo bond market in April 2013. It mentions expectations of a rush of yen-denominated bonds. German bank Rentenbank's capitalization of the Japanese demand for high yielding paper and the limitation of Japanese involvement in a deal from Kommunalbanken are also addressed.

Interviews several local and international investors on the state of investment banking in Japan, as of November 2003. Yoshinari Hirata of Meiji Life insurance Company; Andy Jenkins of Fidelity Investments; Tomoya Masanao of Pimco.

Interviews Japanese and foreign investors on the value of Japanese Government Bonds. Yoshinari Hirata of the treasury and fixed income division of Meiji Life Insurance Co.; Andy Jenkins, general manager of Fidelity Investments; Asoka Woehrman, head of currency in the DWS Investments in Frankfurt, Germany.

The article presents the highlights of a roundtable involving a group of funding experts from leading Japanese borrowers held in Tokyo on August 31, 2009 in which they discussed the impact of the global financial crisis on the bond market. In particular, they talked about the impact of the crisis on their debt issuance strategy as well as on their domestic and international activities. Japan Bank for International Cooperation (JBIC) reported that they made a major return to the global bond market, pricing a 2.5 billion-dollar two year global bond issue.

The article focuses on the efforts of regional banks to improve their products and services in Japan. Bank of Yokohama has decided to extend its loans that accept intellectual property right as collateral. Long Term Credit Bank partly funded itself via the issuance of debentures to many regional banks. The non-recourse loan product of Shinsei Bank serves as its core area in its relationship with the regional bank community.

The article presents an interview with Naohiro Nishida and Yukio Egawa of Deutsche Securities Ltd., Jesse Bhattal of Lehman Brothers, Taro Masuyama and Jun Mihara of Merrill Lynch Japan Securities, Yasuyuki Otsu of Mitsubishi Securities Tokyo, Atsuo Akai of Morgan Stanley and Nobuaki Takezawa of Nomura Securities about the Japanese securitisation market. Egawa discusses the factors driving the growth of the mortgage securities market. Nishida comments on the growth of the collateralized debt obligation market.

Deals with the call for professionalism, transparency and liquidity in the Japanese securitization market, as of November 2003. List of the main channels for commercial mortgage backed securities transactions; Reasons behind the decline in commercial mortgage backed securities transactions; Impact of the mortgage backed securities program of the Government Housing Loan Corp. on the market.

Reports on the growth of the Japanese securities market as of November 2003. Factors contributing to the market growth; Channels for commercial mortgage-backed securities; Effect of the mortgage-backed securities program of the Government Housing Loan Corp. (GHLC) on market participants. INSET: The devil is in the data.

Evaluates the international bond issuance of the city of Yokohama, Japan. Guarantor; Rating; Amount; Maturity; Issue price; Bookrunners' comment.

Presents several articles pertaining to international bond issues. Rating of the European Investment Bank; Issue price of Merrill Lynch & Co.; Emerging markets debt at Argentina; Bookrunner's comment on National Bank of Hungary; Market appraisal for the Republic of Turkey; Asset-backed securities in Japan; Guarantor of Countrywide Home Loans; Rating of Bank Nederlandse Gemeenten NV; Bookrunner's comment on General Electric Capital Corp.

Analyzes the trend in the asset securitization market in Japan. Projected growth in the volume of securitized assets in the country; Entry of European and Japanese investors to arrange for deals on asset securitization; Capability of Japanese domestic market; Impact of the trend to domestic and international businesses.

Provides information on securitisation priced by Deutsche Bank for the Hung Tai Century Tower in Taipei, Taiwan and talks about other securitisation deals in Japan as of January 7, 2005. Coverage of the tranche deal that parcelled Hung Tai; Price of each tranche; Securitisation deals closed by Mizuho Securities in Japan in 2004; Amount of the paper issued by Gannet V Funding Corp.

Presents the views of several global borrowers on Japanese liquidity. Reasons for issuing yen debt in either the public and private markets according to Richard Anund, director of treasury and funding at SEK; Plan for the yen funding according to Doris Herrera-Pol, manager of capital markets operations at World Bank treasury; Changes among investors in yen denominated paper according to Patrick Mitchell, director of treasury at Rabobank Group.

Reports that Fuji Bank will launch a domestic asset backed commercial paper conduit to securitize a form of promissory note unique to Japan. Rating for the Notes Funding Corp. by R&I; Liquidity facility from Fuji Bank; Advantages of securitizing asset backed commercial notes, according to Shinya Aizawa, deputy general manager at Fuji's financial engineering division.

The article discusses bankers' warning about the impact of possible forced sales from Japan on the sovereign, supranational and agency (SSA) sector. It describes the role of Japanese institutions in several SSA deals, such as the Japanese government's purchase of more than 20 percent of the European Financial Stability Facility's debut issue in January 2011. Some financial analysts feel that Japanese investors will stop buying paper in the short term after the March 2011 earthquake in Japan.

The article reports that Sumitomo Mitsui Financial Group's dollar and sterling tier one offering has concluded a stellar year for Japanese financial institutions in the capital markets, particularly in the bank capital arena. Sumitomo Mitsui Financial Group raised $2.65 billion of tier one debt via $1.65 billion and £500 million tranches. Daiwa SMBC, Goldman Sachs, Merrill Lynch and Morgan Stanley led the deal, which was lapped up by investors in search of paper offering high yields.

Reports on a convertible bond placed by Merrill Lynch for delivery company Fukuyama Transporting Co. in September 2005. Information on a contingent conversion structure used in the deal; Face value of the bonds; Percentage of the paper that was allocated to investors in Japan.

Presents news briefs about the international money market as of June 2000. Commercial paper program of Rabobank Australia; Increase of the fiscal deficit of Japan; Financing needs of the Philippines.

The article deals with the challenges experienced by the bond market in Japan in 2006. The implementation of the Japanese Book Entry Transfer System (Bets) prompted fear that the U.S. tax authorities would cease to define Japanese bonds as bearer ones. Japanese investors keen to take foreign credit in domestic bond format had some supply from firms such as Kaupthing Bank and Petrobras. The Japanese bond market has remained a consistent and reliable source of funding.

The article focuses on international bonds issued by Japanese companies and government agencies in the domestic yen bond market in 2006. An obstacle to overseas issuance was the Prospectus Directive of the European Union (EU). The stabilisation of spreads and return of liquidity allowed issues by large firms in the domestic market. The issues by Japan Finance Corp. for Municipal Enterprises (JFM) and Development Bank of Japan (DBJ) proved that offshore yen market was attractive.

The article focuses on the participation of several Japanese banks in the global debt capital market. The high volume of regulatory capital funding was driven by the repayment of government funds by the banks for the bailouts from the 1998 financial crisis. Shinsei Bank sold a dual tranche tier one capital issue. The bank issuance market is coming to the end of the racpitalisation cycle according to Simon Yoo, managing director and co-head of the financial institutions at Nikko Citigroup.

The article reports on the decision of Japanese credit rating agency Ratings & Investment Information (R&I) to upgrade Spain from AA+ to AAA. R&I might not be the most visible agency in the euro zone, but having an institution of high esteem in such an economically powerful country as Japan give its highest rating can be no bad thing. In upgrading Spain, R&I recognised the rapid and above European Union average growth of Spain.

The article discusses the potential of the hybrid capital market for corporate and financial institutions in Japan. Funding officials at Japan's leading banks say that the levels that they can achieve by placing tier one domestically are clearly more attractive than those that can be achieved in international markets. According to Gen Nakahara, director, debt capital markets at Merrill Lynch, most bank hybrid tier one issuance is sold to the global investor base.

The article considers the participation of U.S. financial institutions in the Japanese Samurai bond market in 2005. The market has become the preferred market for big foreign issuers, chief among them is the Ford Motor Credit Corp. (FMCC), which sold a ¥ 160 billion in February. The FMCC issue proved that the market is receptive to credit and to large issuers. Aside from the automobile company issuer, other issuers in the market are European sovereigns, Asian credits and financial issuers.

Discusses the growth of residential mortgage-back securitisation (RMBS) in the asset-backed securitisation market in Japan in 2004. Factors that contributed to the recovery of the Japanese securitisation market; Information on several RMBS transactions of banks in September 2004; Implementation of a securitisation programme for loans of small and medium sized enterprises by Japan Finance Corp. for Small Businesses on July 1, 2004.

Reports on how securitization helps accelerate the process of disintermediation in the Japanese financial system. Significance of the arrival of unsecured consumer finance assets; Key factor for the securitization market's growth; Ways to achieve growth, according to Takeo Sumino, head of global merchant banking planning at Nomura in Tokyo; Overview of the vehicle Shinsei Funding Four used by Shinsei Bank; Effect of the collapse of stock markets and the growth of bankruptcies on banks.

Discusses the prospects for the Samurai bond market in Japan in 2000. Factors which led to the decline in the demand for Samurai issues in 1997; Impact of the increase in investment activity among institutional and retail investors on the market; Expectations of the bankers in Tokyo on the effect of government borrowing on the interest rates.

Points the opportunities open to Japan while facing economic crisis. How the crisis affected the financial industry of the country; Benefits the country will get in restructuring the economy and implementing reforms for market deregulation.

The article reports on a hybrid capital security deal with ¥31 billion 50-year non-call five bond launched by Aeon Co. in Japan. The bond has two tranches with coupon step-ups of 100 basis points in year 10. It is said that the main objective of Aeon for launching the hybrid transaction is to expand the duration of its debt and improve its financial status.

Focuses on the progress of the securitization market in Japan in 2004. Issuance by Mizuho Securities of residential mortgage-backed securities; Domination by consumer credit companies of the asset-backed securities market; Emergence of the collateral debt obligation market.

Reports on the move of the Republic of Italy to trade in Japan's yen market. Factors which influenced the move of the Italian government; Total amount issued by the government in the yen market; Lead managers of the bond; Expectations on the bonds issued by the government.

Reports on the status of the Samurai bond market in Japan as of November 2003. Factors that contributed to the decline in the performance of the market; Impact of the Uridashi market on the Samurai bond market; Evidence of the cost competitiveness of the Samurai bond market. INSET: Top tier issuers find niche in structures.

Examines the state of the domestic corporate bond market in Japan as of November 2003. Risk and anomalies in the market that affect the economy; Implication of the issuance of vast quantities of government bonds; Factor that will determine corporate spreads; Reaction of investors to the performance of the bond market.

Reports on the demand for Samurai bonds of Japan as of November 2003. Factors contributing to the lack of demand for the bonds; Emergence of the Uridashi market at the expense of the Samurai market; Participation of Croatia and Korea in the Samurai market. INSET: Top tier issuers find niche in structures.

Reports on the lack of productivity from the Japanese domestic bond market as of November 2003. Reason behind the lack of productivity; Importance of the progress of reform in the commercial banking sector for determining corporate spreads; Failure of the market to reflect economic realities.

Presents news briefs on bond issues by several banks in Asia and Australia as of October 26, 2001. Size of the fixed and floating rate note issued by the Commonwealth Bank of Australia; Preparations by the Korea Development Bank for its global bond issue; Launching of a collateralized loan obligation by Shinsei Bank.

Reports on the reopening of Japan's Samurai market for foreign borrowers in 1999 after a decline of several years. Demand from Japanese investors for foreign credits; Factors contributing to the wide range of established market credits; Expectation on the market for the year 2000.

This article explains that despite the deterioration in the yen basis swap, the Japanese market remains an attractive pool of liquidity for issuers with large borrowing needs. The collapse of Lehman Brothers caused the yen market to seize up at the end of 2008, but borrowers have been delighted to see how, in 2009, the market not only returned, but became a safe haven for triple-A rated issuers. Six new issues in Samurai format have priced so far this year, totaling ¥470 billion, while 23 issuers priced ¥579 billion of new Euroyen bonds.

The article reports that higher rated global financial institutions from Europe and Australasia have supplanted the dominant U.S. issuers of Samurai bonds. Japanese investors, brimming with a new-found confidence in their credit skills, are in the process picking up spreads far excess of comparable domestic credits. One of the biggest changes in the Samurai market in 2008 has been the arrival of Australian financial institutions in force.