Xi's next term needs a new China portfolio, investors say
What's whacked markets and put investors on guard is the unpredictable application of the "common prosperity" doctrine, especially as Xi has worked to consolidate his power.
Emerging markets’ pandemic-fueled debt party is coming to an end
The amount that developing-economy issuers borrow in the world’s biggest debt markets is expected to slow as interest rates rise and pandemic spending is scaled back
Caution needed on ESG bonds, top Japanese finance official says
Like many countries, Japan has pledged to go net carbon neutral by 2050, but its borrowing practices differ from those in France, Germany, Italy and the United Kingdom.
Carbon-heavy Japanese utilities sell their first green bonds
Japan’s greenhouse gas emissions totaled about 1.1 billion tons in fiscal 2019, and the power sector accounted for around 36% of that.
Japan's GPIF, world’s top pension fund, won’t invest in China’s sovereign debt
As Chinese debt is being added to the FTSE Russell global bond index, the Japanese fund will instead use a version of the World Government Bond Index that excludes Chinese government bonds.
JAL announces plan to raise ¥300 billion to ride out pandemic
Global airlines have been hit hard by a slump in passenger numbers due to travel restrictions brought on by the pandemic.
SoftBank keeps up borrowing spree before bond repayments
SoftBank is having one of its busiest years ever in global issuance markets, and raised more than $7 billion in a debt offering across dollars and euros in June.
China’s unavoidable financial rise
Many economists in the West did not see China's massive growth coming, and its influence is now becoming impossible to ignore.
World’s biggest pension fund makes record cut to U.S. bond weighting
The Government Pension Investment Fund made a record cut to its weighting of U.S. government bonds last fiscal year as it increased investments into European sovereign debt.
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.
Stablecoin stability is an illusion. They are unlikely to replace Federal Reserve money, revolutionize finance or realize the dreams of their libertarian enthusiasts.
BOJ joins global climate change fight with green loan incentives
The BOJ said it would offer banks interest-free funds for climate-linked loans or investments and exempt more of their reserves from its negative interest rate.
