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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.

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 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.

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

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 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 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.

The article discusses a report by Standard & Poor's Corp. on the resurgence in demand for samurai bonds, yen-denominated bonds issued in Japan by overseas entities, among institutional and retail investors in Japan. The samurai market benefits from a diverse issuer base and the perception that it is more efficient and transparent than the domestic corporate bond market. In addition, high liquidity, strong demand for paper among investors, and the search for attractive yields also bode well for the samurai market. Speculative-grade companies from the United States are predicted to be the next big wave of samurai bond issuers.

This article reports that International Business Machines Corp. (IBM) launched a Japanese-yen-denominated bond in the Japan capital market that is lead managed by Merrill Lynch and Daiwa SB Capital Markets. The corporate debt is priced at five basis points over Libor and carries a semi-annual coupon of 0.62 percent. The week of June 16, 2000 witnessed 195 billion yen in samurai issuance from IBM (140 billion yen), Household Finance (15 billion yen), and Fiat Finance and Trade (40 billion yen). Market conditions are favorable for the following reasons: foreign corporations' need for yen funding, high liquidity, the absence of domestic corporate paper, and appetite for credit.

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.

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 focuses on the popularity of yen-denominated bonds despite problems in the Japanese economy. In Japan the economy continues to sink towards recession, banks struggle under the weight of bad debts and companies edge towards painful restructuring. Although the size of issues reflects a general trend in the international bond markets for smaller deals, the yen market is still capable of making headlines. Even for higher-rated names, changing conditions in Europe, such as the attack by the European Union on the protected status of Germany's Landesbanks have caused an increase in funding costs. While the appetite and cash for investing persists in Japan, and funding requirements and economic conditions for domestic corporates remain the same, both Euroyen and samurai issues will continue to be a source of funds for non-Japanese borrowers.

This article reports on the opening of the bond market in Japan for sovereign, supranational agency (SSA) borrowers after the price shift in dollar and euro SSA markets. It notes that the success in Japan SSA issuance is also helped by the plus range of London Interbank Offered Rates (Libor) pricing. The yen has become an attractive funding place for many SSA issuers because Japanese investors are eager to buy SSA bonds. Another factor that helped spur the Japanese market is the emergence of the government guaranteed bank debt asset class.

Reports on the 20 year global yen bond sold by the Development Bank of Japan in June 2003 through Nomura and UBS. Value of the bond; Investors which participated in the transaction; Objective of the transaction.

Provides information on the bond offerings issued at the Samurai market in Japan. Factors which led to increase in the demand for the coupon bond offering of Korea Development Bank; Terms of the bonds issued by the Republic of Croatia; Credit rating given by Standard & Poor's for Petroliam Nasional Berhad.

Deals with the status of the Samurai bond market of Japan in 1999. Attitude of domestic investors toward the market; Effect of the narrowing of the basis swap on the market; Emerging market and agency and corporate issuers.

Announces the return of Thailand to the international bond markets by January 1999, with a bond guaranteed by Japan's Ministry of Trade and Industry (MITI). Details on the offering; Comments from bankers about the issue; Information about the bond markets.

The article reports that sovereign, supranational and agency (SSA) bond issuers are preparing yield-enhancing, structured Uridashi bonds for 2014 in an attempt to attract Japanese investors. Topics discussed include borrowers' reconsideration of their swap arrangements, SSA credits' consideration of two-way Credit Support Annexes (CSA), and the abandonment of previous one-way CSA documentation. The Japanese government's strategy to increase the country's monetary base is also mentioned.

The article interviews Yoichiro Yokoyama, director general of the treasury department of the Development Bank of Japan in Tokyo. He says that the bank has issued a 20 year global yen deal in June 2006 which indicates its strength in the international bond market. He cites the changes in investors' perception of the domestic bond market. He states that there is a possibility that the bank will follow its route towards full privatisation in the 2013-2015 period.

The article provides on the yen-denominated bonds issued by Norddeutsche Landesbank in the Japanese bond market. The payment date of the bonds will be on January 19, 2009. UBS is the sole manager for the bond issue. The main buyers of the issue are European accounts with Japanese yen holdings.

Reports on a Euroyen convertible bond deal issued by NGK Spark Plug in the Japanese capital market in April 2004. Information on the company's credit standing; Conversion price of the convertible bond; Decrease in the company's stock price.

Reports on the selling of a convertible bond by Japan Airlines System Corp. through the United Bank of Switzerland (USB). Reason for the rise of Japan Airlines stock; Announcement of Japan Airlines of its plan and earnings forecast for the next three years; Comments of other bankers on the pricing of the deal by USB.

Reports on a transaction launched by HBOS in the Japanese government bond market. Details on the bank's non-call five lower tier two issue; Response to the transaction; Information on the international yen market; Views on the transaction.

Reports on the Reg S transaction for NTT DoCoMo's bonds in the dollar bond market in Japan. Attitude of investors toward NTT DoCoMo; Accounts involved in the transaction; Price of the bonds; Result of the five year two month bond issued by NTT DoCoMo.

Interviews Toshikazu Funo, director in the accounting and treasury department at the Tokyo Electric Power Company about being content to issue bonds in the domestic market. Amount of debt funding budgeted for 2002; Issues that the company is making in the domestic bond market of Japan; Investor demand in the local corporate bond market; Transactions made during the first half of 2002.

Interviews Kenichiro Shiozawa, director of the capital markets division of Japan Bank for International Cooperation (JBIC). Amount of debt funding that JBIC has budgeted for 2002; Issues that JBIC is making in the domestic bond market; Impact of the ratings' downgrades on its strategy in the domestic and international markets in yen and foreign currencies.

Interviews Kazuhiro Takahashi, director of the Office of Financing and Planning, regarding the sale of a global Euroyen issue by the Development Bank of Japan. Explanation on the timing for the global bond issue in June 2002; Impact of the ratings' downgrades on the distribution and pricing of the issue; Details on the funding requirements for the fiscal year 2002/2003; Comparison between the cost of funding from domestic banks and the public bond market in Japan.

The article discusses the condition of the credit market in Japan. Particular focus is given to the rise ion interest rates in U.S., plans of Bank of Japan to introduce negative interest rates, and problems faced by the investors. The political conditions in Japan and the need for changes in the monetary policies are also discussed.

Discusses the data released by the Japanese government that showed signs of improvement in the economic indicators and the recovery of the stock market, as of November 2003. Increase in bond yields; Percentage of increase in the index of consumer confidence in Tokyo in August; Factors which contribute to the rising capital expenditure; Forecast on government stability. INSET: Banking on recovery.

The article discusses the highlights of a 2015 executive roundtable about the prospects in the Japanese capital market. Topics covered include the changes in the emerging market issuers' use of yen funding, the growing interest in Samurai bonds, and the use of Japan Bank of International Cooperation's (JBIC) Guarantee and Acquisition Toward Tokyo Market Enhancement (GATE).

Highlights several deals of various financial firms in the Samurai market in Japan. Completion of Samurai bond for the Republic of Hungary by Daiwa and Nomura International in June 2004; Launch of Samurai bond by General Motors Acceptance Corp. in November 2003; Sale of Samurai bond by Merrill Lynch in June 2004. INSET: Catering for many investor bases.

Focuses on the demand for Samurai medium term note in the debt capital market in Japan in 2004. Views of Jesse Bhattal, CEO for Asia at Lehman Brothers, on the ability of the Japanese government to fund its continued budget deficits; Shortage of corporate bonds in the market; Marginalization of the Yen public market.

Focuses on different factors that affect the economic condition of Japan. Activities in the Samurai bond market; Discussion on foreign investments and interest rate of local banks; Projection on the rating of the yen currency.

Japan's environmental, social and governance (ESG) bond market is set to have another record year, buoyed by a change in sentiment and the launch of new products, writes Pan Yue. [ABSTRACT FROM AUTHOR]

The article focuses on financial regulations in Japan. The Japanese Ministry of Finance (MoF) is unforgiving towards lead managers who fail to support the price of Japan government guaranteed bond issues. But the right pricing insisted on by many Japanese borrowers is so unrealistic that the most established lead managers are now prepared to risk Japanese wrath. Some have let tightly-priced deals slip to their own market level and are now in the MoF's bad books. Others have turned down invitations. The latest Eurobond from Japan Air Lines (JAL), for $100 million announced on May 21, showed signs of a purge by the MoF, which owns 35 percent of the airline's equity and its syndicate. The bond market is awash with Japanese Eurodollar paper, much of it still unplaced. The majority of it is concentrated in the 10-year maturity sector. Toshiyuki Kozeki, deputy general manager of JAL's finance department, discounted any suggestion of a purge. There are indications that the cir- circumstances of the JAL deal imply a change in the syndication approach of some houses.

This article reports that a push came to shove for Connecticut-based GTE Finance, which did its first shogun issued in February 1987 after being courted by Japanese bankers for nearly six months. William P. Benac, president of the company said that, the company had a tremendous increase in the number of Japanese banks visiting it in Stamford. Of course, this captive finance subsidiary of GTE already had extensive relationships with a number of those banks, and it was natural, said Benac, to pick one to lead the deal. This single-A borrower, however, is no stranger to financial innovation abroad. It has borrowed extensively in the Euromarkets, through dual currency bonds, and through foreign currency issues denominated in Swiss francs and Ecus. Benac said he had been looking at the Japanese markets since summer 1986, but held off until the U.S. Internal Revenue Service clarified the tax status of bonds issued in Japan. When that came last winter, the company hopped in, filing the appropriate papers, and, having chosen the Industrial Bank of Japan as its lead commission bank, made sure in covenant negotiations that there would be no provisions in the shogun issue that the company had not encountered in similar Eurodollar deals.

The Covid-19 pandemic has spurred a shift in Japan's socially responsible investment (SRI) bond market, which has long supported green deals but is now turning its focus to other environmental, social and governance products. [ABSTRACT FROM AUTHOR]

The article reports on the performance of the bond markets in Asia. Sean Henderson, head of debt syndicate for Asia Pacific at HSBC, says the stability of the local currency markets, which grew marginally in 2008 made them even more important in 2009. According to the article, the Indian rupee bond market is coming into its own in the wake of destructions in world markets. It adds that the Japanese market is one of the first pockets of the bond market which is expected to reopen in 2009.

Reports on the reluctance of corporations in Japan to go to international bond markets for funding as of June 2001. Why Japanese corporations have been deterred from raising money internationally; Correlation between the problems of the Japanese economy and the low level of debt issuance; State of public domestic corporate bond issuance in Japan from 1995 to 2001.

The article presents an overview of the Japanese government bond (JGB) market, as Naoto Kan was appointed as the new prime minister of the country in 2010. It cites economic challenges to be faced by Kan, including Japan's huge public debt. It mentions the increase in demand for JGBs from local investors, particularly from the domestic banking sector. It notes that the promotion of this market among foreign investors has been a priority of the Ministry of Finance (MOF).

The article reports on the arrival in force of Australian banks as Samurai issuers in 2007 is helping to forge closer links between the Japanese and Australian banking sectors. Australian bank Westpac took its maiden run at the Samurai market in January 2008, selling a ¥77 billion deal tight to its global credit default swaps at the time. The bank's funding team was sufficiently pleased with that outcome to return in the third week of August.

Highlights the fixed income investor roundtable in 2004 which deals with yen fixed income investments in Japan. Information on the weighting and strategy for yen assets of the funds of Nomura Asset Management; Statement issued by Masahiro Kami, group leader of the Japanese fixed income management group at Daiwa SB Investment, on their outlook for Japanese private sector corporate credits; Participation of Deutsche Trust Bank in the Samurai bond market according to chief investment officer Tim Griffen.

Presents an outlook for the Japanese bond market in 2004. Type of deals preferred by international fund managers; Prime example of an international issuer with yen funding needs; Introduction of lower tier two capital in Euro yen. INSETS: Citigroup and Poland make a splash;Slaking the Japanese retail thirst.