Commentary / Japan Jul 15, 2021
Time for Tokyo to become a leading hub of green finance
by Sayuri Shirai
The growing alarm about climate change has awakened the world to the urgent need to "green" existing loan and securities portfolios.
Time for Tokyo to become a leading hub of green finance
The growing alarm about climate change has awakened the world to the urgent need to "green" existing loan and securities portfolios.
SoftBank gets over $7 billion in jumbo offshore bond deal
The Japanese technology giant sold $3.85 billion of dollar-denominated debt and €2.95 billion ($3.5 billion) of notes on Wednesday.
Everyone’s a rising star when debt is cheap
Companies are getting upgraded rapidly this year, but the logic underpinning the rise relies on ultraeasy financing that can’t go on forever.
Beware of ‘ESG bubble,’ says ex-chair of world’s biggest pension fund
Eiji Hirano says the Government Pension Investment Fund needs to "think about how to analyze if ESG is really profitable, as well as how to evaluate and standardize ESG."
Investors clamoring for ESG debt help halve Tokyo funding costs
The Tokyo Metropolitan Government slashed funding costs thanks to rampant global demand for the first social bond offered by a local government in Japan.
BOJ sees no need for extra bond-buying tweaks for now, sources say
The BOJ starts its two-day meeting Thursday, with a majority of economists expecting the bank to extend its special COVID-19 funding program to help struggling businesses.
Japanese banks’ ¥300 trillion dilemma puts focus back on riskier bets
Deposits at the nation’s top three banks alone grew by ¥41 trillion in the year ending in March.
BOJ data shows assets quadruple to ¥715 trillion under Kuroda's easing policy
Assets held by the Bank of Japan have quadrupled in eight years and grown to 1.3 times the size of the country's economy.
SoftBank plans ¥405 billion bond sale after record profit
SoftBank has long tapped individual investors in Japan rather than institutions for most of its yen funding from the local bond market, taking advantage of its strong brand recognition.
Treasury traders seek moment of truth from Japan’s life insurers
With combined assets equivalent to $3.6 trillion, and one-quarter of this in foreign securities, even minor shifts in Japanese insurer allocations can impact markets.
World’s top pension fund faces moment of truth on China debt
The GPIF’s decision will also be crucial for other Japanese public and private pension funds which have been mulling opportunities to invest in Chinese government debt.
Politically correct? Bond market steers clear of judgment calls.
For all the hype and billions of dollars globally pouring into investing based on ESG factors, it is a niche play in the sovereign bond market.