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A group of Japanese investors has filed a lawsuit against Mitsubishi UFJ Financial Group Inc.'s joint brokerage venture with Morgan Stanley over losses on Credit Suisse's risky debt. The suit, representing 26 plaintiffs, seeks to recover losses from Additional Tier 1 notes sold to them by Mitsubishi UFJ Morgan Stanley Securities Co. The investors are demanding a combined 1.73 billion yen ($12.2 million) in compensation. This is the second lawsuit filed by the same law firm against the company on behalf of different plaintiffs. The debate in Tokyo centers around whether sellers adequately explained the risks associated with the debt to buyers. [Extracted from the article]

(Bloomberg) -- Japanese investors sued Mitsubishi UFJ Financial Group Inc.'s joint venture brokerage with Morgan Stanley, showing that the fallout from losses on Credit Suisse's riskiest debt continue to reverberate around the world. Tokyo-based Monex Group Inc. was sued in July by an investor who accused the online brokerage of not giving any explanation about special risks related to the debt. [Extracted from the article]

It comes after Japan's financial regulator cracked down on the sale of so-called structured bonds after finding inappropriate sales practices. (Bloomberg) -- Monex Group Inc. was sued in Japan over the sale of Credit Suisse's riskiest debt, making the online brokerage a rare case of a financial institution being accused of responsibility for investor losses triggered by Switzerland's move to wipe out the bonds. [Extracted from the article]

(Bloomberg) -- Credit Suisse was sued in Japan over bonds linked to a fund that the bank ran with now-bankrupt Greensill Capital, underscoring the legal challenges that remain for the lender and its new owner UBS Group AG. The plaintiffs allege the bank gave improper product explanations when it sold the securities, whose returns were tied to a supply chain finance fund which later collapsed, according to a copy of the complaint seen by Bloomberg News. [Extracted from the article]

(Bloomberg) -- SoftBank Corp., the mobile unit of Masayoshi Son's Japanese conglomerate plans to sell about 50 billion yen ($352 million) of bonds, taking advantage of receding uncertainty about the Bank of Japan's near-term monetary policy and improved sentiment in global credit markets. The Bank of Japan last week left its negative-rate and yield-curve control program unchanged following a decision by the Federal Reserve in the US to pause one of its most aggressive rate-hike cycles ever. [Extracted from the article]

(Bloomberg) -- Japanese financial conglomerate SBI Holdings Inc. and climate tech startup Asuene Inc. have entered a joint venture to set up a carbon exchange in the Asian nation that will open around October. The aim is for the exchange, called Carbon EX, to become a regional trading hub with services being offered in English and Japanese, according to Kohei Nishiwada, chief executive officer of Asuene and the new bourse. The new bourse is the latest in a wave of carbon-credit trading platforms that have launched across Asia as demand from companies seeking to offset their emissions explodes. [Extracted from the article]

The lender priced its AT1 bonds at spreads five to six basis points tighter than the levels offered on Sumitomo Mitsui Financial Group Inc.'s comparable debt sale last month. (Bloomberg) -- Mitsubishi UFJ Financial Group Inc. raised 570 billion yen ($4 billion) worth of debt in what is Japan's biggest yen bond deal this year. [Extracted from the article]

(Bloomberg) -- Mitsubishi UFJ Financial Group Inc. raised 570 billion yen ($4 billion) worth of debt in what is Japan's biggest yen bond deal this year. With yields rising, the lender offered a coupon of 2.127% on the perpetual non-callable 10-year and one-month Additional Tier 1 bonds, the underwriter said. [Extracted from the article]

The company said that the initiative is in line with the government-approved roadmap for the auto industry, making transition financing easier for the firm to consider as a tool. (Bloomberg) -- Toyota Motor Corp. is willing to use transition financing for hybrid vehicles, which may lay the groundwork for more such automakers to follow as the government pushes to boost investment in greener technology. [Extracted from the article]

Buffett's Berkshire most recent benchmark yen debt sale took place in December, when it sold 115 billion yen ($867 million) of notes. (Bloomberg) -- Warren Buffett's Berkshire Hathaway Inc. has started sounding out investors about the sale of yen bonds, having already established itself in recent years as one of the biggest foreign issuers of debt in the Japanese currency. [Extracted from the article]

No major global bank has issued AT1 bonds since then, Bloomberg-compiled data show. The average yield in a Bloomberg index of banks' contingent convertible bonds hit 13.8% after UBS Group AG bought its beleaguered rival in a government-brokered deal last month, which also triggered the CoCo bond writedown. [Extracted from the article]

(Bloomberg) -- Home hunters in Japan just got a good hint about how much more they may have to pay for a popular fixed-rate mortgage after the Bank of Japan surprised markets this week by doubling its yield cap on the 10-year government bond. The BOJ's decision to double its yield-curve cap on the 10-year JGB to 0.5% from 0.25% will almost certainly push up mortgage-interest rates next year, though the relationship between the coupon on JHF's RMBS and its home-loan rates isn't a simple direct one. [Extracted from the article]

The BOJ's decision to double its yield-curve cap on the 10-year JGB to 0.5% from 0.25% will almost certainly push up mortgage interest rates next year, although the relationship between the coupon on JHF's RMBS and its home-loan interest rate isn't a simple direct one. (Bloomberg) -- Home hunters in Japan will get an indication Thursday about how much more they will have to pay for a popular fixed-rate mortgage after the Bank of Japan surprised markets this week by doubling its yield cap on the 10-year government bond. [Extracted from the article]

"We believe that we were able to stimulate the maximum possible demand" from investors given the current market conditions, Hiroyuki Usami, a Jera spokesperson, said in an email. (Bloomberg) -- Power company Jera Co. sold 96.5 billion yen ($709 million) of hybrid bonds, an amount smaller than the upper limit flagged by the company, as Japan's credit market has softened. [Extracted from the article]

(Bloomberg) -- Investors are being sounded out by Warren Buffett's Berkshire Hathaway Inc. about the sale of a potential multi-part yen bond offering, according to people with direct knowledge of the matter. If Berkshire's offering proceeds, it would be the firm's second in the Japanese currency this year and add to a string of recent yen note deals by overseas issuers, according to Bloomberg-compiled data. [Extracted from the article]

(Bloomberg) -- Warren Buffett's Berkshire Hathaway Inc. is sounding out investors about the sale of a potential multi-part yen bond offering, according to people familiar with the matter. Berkshire has issued yen bonds every year since 2019, when it priced one of the biggest yen offerings ever by an overseas firm. [Extracted from the article]

While Tan refrained from discussing what the BOJ should do, he noted that the risk of price declines is "more serious" for Japan's sovereign ratings than the danger of price increases. (Bloomberg) -- Bank of Japan policy may become the most crucial element in deciding the nation's creditworthiness, S&P Global Ratings said, suggesting the central bank's action has the potential to trigger its first sovereign credit rating change in years. [Extracted from the article]

Tokyo hired Mitsubishi UFJ Morgan Stanley Securities Co., Goldman Sachs Securities Co. and Nomura Securities Co. to underwrite the deal. (Bloomberg) -- Tokyo is planning to sell a social bond to help prepare for the eventuality of a giant earthquake in the world's biggest metropolitan area. [Extracted from the article]

Such investors, whose behaviour is likely to influenceother money managers, have been slow to adopt the UnitedNations-backed Principles for Responsible Investment,according to Michiyo Morisawa, the PRI's Japan head. (Bloomberg) -- The world's biggest industry body forsustainable investing wants pension funds to help pick upthe slack for Japan, which is lagging in integratingenvironmental, social and governance factors intoinvestment decision-making. [Extracted from the article]

(Bloomberg) -- So-called sustainability-linked bonds have been controversial because they often effectively reward investors when the issuer misses green or social performance goals. In the case of NRI's bonds, if it achieves its goals, the firm can redeem the debt early. [Extracted from the article]

(Bloomberg) -- So-called sustainability-linked bonds have been controversial because they often effectively reward investors when the issuer misses green or social performance goals. In the case of NRI's bonds, if it achieves its goals, the firm can redeem the debt early. [Extracted from the article]

(Bloomberg) -- Toyota Motor Corp. said it plans to sell as much as 500 billion yen ($4.7 billion) in yen and foreign currency sustainability bonds, in what would be one of the biggest offerings globally in the booming market to fund environmental and social projects. Issuance of environmental, social and governance bonds has soared in Japan in line with the global jump in demand for the debt, with deals climbing 14% to 319.9 billion yen so far this year, a record for the period, according to Bloomberg-compiled data. Japanese Prime Minister Yoshihide Suga has pledged to decarbonize Japan by 2050 and ban the sale of new gasoline-only vehicles by the mid-2030s. [Extracted from the article]

(Bloomberg) -- Toyota Motor Corp. said it plans to sell as much as 500 billion yen ($4.7 billion) in yen and foreign currency sustainability bonds, marking its first offerings in the booming debt market. A $4.7 billion equivalent sale by Toyota would be among the biggest sustainable bond offerings by any company worldwide, the data show. [Extracted from the article]

(Bloomberg) -- Japan's daily Covid-19 cases rose to a record of more than 2,000 for the first time, according to local media tallies, as the nation that had previously shown success in containing the virus now faces a rapid spread of the pathogen. Infections in Tokyo jumped by 493 -- surpassing a previous daily high set in August -- while other regions in Japan including Kanagawa and Shizuoka prefectures also reported records. [Extracted from the article]

(Bloomberg) -- Tokyo reported a record 493 new Covid-19 cases Wednesday, surpassing a previous daily high set in August as Japan faces an increased spread of the coronavirus ahead of winter. Japan is also looking at infection controls for next year, in anticipation of the Olympic Games in Tokyo, which were delayed from this summer. [Extracted from the article]

(Bloomberg) -- Tokyo will report a record 493 new Covid-19 cases Wednesday, FNN reported, surpassing a previous daily high set in August as Japan faces an increased spread of the coronavirus ahead of winter. Japan is also looking at infection controls for next year, in anticipation of the Olympic Games in Tokyo, which were delayed from this summer. [Extracted from the article]