Big BOJ balance sheet may be inflation target's legacy
Bank of Japan officials are considering maintaining a large balance sheet for the central bank even after it achieves its inflation target, reducing the risk of a surge in long-term bond yields, sources said. Under the potential strategy, the BOJ would use cash from maturing ...
Softbank Corp., the wireless carrier run by billionaire Masayoshi Son, will raise ¥300 billion ($2.9 billion) in a fresh bond issue to repay past debt, boost liquidity and make investments. Softbank will offer five-year notes to individual investors, it said in a filing Thursday to ...
Three of four major life insurers may buy more foreign bonds in fiscal 2014 ending next March to seek higher returns because yields on Japanese government bond yields are predicted to stay at rock bottom, their asset management plans showed Friday. Life insurers are basically ...
Key adviser: GPIF should sell ¥25 trillion in JGBs
The world's largest retirement fund should seek to sell ¥25 trillion in Japanese government bonds as soon as possible, said the head of a panel that advised the government on overhauling pension investments. The Government Pension Investment Fund should start shifting from local debt to ...
GPIF plans infrastructure investment after trimming domestic bond holdings
The Government Pension Investment Fund, the world's largest pool of retirement savings, cut domestic bond holdings to the lowest level since the fund's inception in 2006 and said it will invest in infrastructure. Japanese bonds accounted for 55 percent of the fund's portfolio at the ...
Planned demolition bonds mark end of era
After educating children since 1956, Kiyokawa Elementary School stands abandoned, its walls and roof crumbling because there are no longer enough pupils to fill it and the town can't afford to demolish the building. The school, in Shonai, Yamagata Prefecture, is one of thousands of ...
The national debt exceeded ¥1 quadrillion for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales tax increase to shore up government finances. The country's outstanding public debt, including borrowings, reached a record ¥1.08 quadrillion ($10.4 trillion) as ...
Bond vigilantes wake investors from voodoo 'Abenomics' trance
The bond vigilantes are getting antsy about Shinzo Abe's shock-therapy program, dubbed "Abenomics." The reference here is to traders who protest fiscal or monetary policies that they consider inflationary, and they sell bonds. Japan has become their latest target. Yields on benchmark government bonds rose ...
Japanese government bonds fell Thursday, with 10-year rates touching 1 percent for the first time in a year, on speculation the U.S. Federal Reserve will curb stimulus and the Bank of Japan will tolerate an increase in yields. Japan's five-year note rate matched the highest ...
Japan must boost credibility of bonds as exodus to stocks hikes rates: Amari
Japan's government must demonstrate a commitment to fiscal rehabilitation to boost the credibility of government bonds and prevent a spike in long-term yields as soaring stocks damp the allure of the nation's sovereign debt, Economy Minister Akira Amari said. "As stocks have rallied this much, ...
JGB yield spikes raise alarm bells
Is it a sign of a full-fledged economic recovery or a looming catastrophe in the monetary making? Recent spikes in Japan's long-term interest rate, represented by the 10-year government bond, have created a stir and roused a deep sense of alarm among investors and powerful ...
