Capital Markets

Bank of Japan Gov. Haruhiko Kuroda speaks during a news conference at BOJ headquarters in Tokyo on Wednesday.

Consumption tax delay

Abe, Kuroda split over economic assessment

TOKYO -- Japanese Prime Minister Shinzo Abe and Bank of Japan Gov. Haruhiko Kuroda, who have joined hands in promoting the government's "Abenomics" policy, this week expressed sharply differing views about the Japanese economy. Abe on Tuesday ann...

  • Standard & Poor's

    JGB rating hinges on structural reforms

    SINGAPORE -- Japanese Prime Minister Shinzo Abe said Tuesday night that he will postpone next October's consumption tax hike from 8% to 10% and dissolve the lower house on Friday. He made the announcement during a press conference at the prime minist...

  • Securities market trends

    India growth prospects draw interest from Japan investors

    TOKYO -- Japanese brokerages are introducing products for retail investors linked to India's stock indexes, rupee-denominated bonds, and India-related investment trusts, betting the subcontinent's continued economic growth. Nomura Securities on T...

  • Consumer finance

    Hitachi Capital issues $3 billion UK bonds

    TOKYO -- Hitachi Capital, a major Japanese leasing company, will issue $3 billion in straight bonds in the U.K. for the fiscal year ending March 2015. The figure rocketed 280% from the $800 million for fiscal 2014, marking Hitachi's biggest issue in ...

  • Prospect of delayed tax hike sets off rumblings in bond market

    TOKYO -- Speculation that Japanese Prime Minister Shinzo Abe may postpone a consumption tax hike and call a snap election continued to put downward pressure on government bonds Wednesday. The yield on newly issued 10-year government bonds, Japan'...

  • Japanese bank issues first CD in India

    MUMBAI -- Bank of Tokyo-Mitsubishi UFJ issued Tuesday a 1 billion rupee ($17.5 million) certificate of deposit to India's largest commercial bank, the first time for a Japanese bank to do so locally. State Bank of India acquired the roughly three...

  • BOJ shocker sends 30-year JGB yields falling ahead of auction

    TOKYO -- The Bank of Japan's unexpected easing has sent shockwaves through the domestic bond market. The volatility of 20- and 30-year Japanese government bonds -- which the BOJ will purchase in significantly greater amounts -- has spiked and interes...

  • Japanese long rates stop sliding for now

    TOKYO -- Japan's long-term yield has rebounded from a decline spurred by the central bank's surprise monetary easing last week, but many expect downward pressure to continue. In the wake of the Bank of Japan's additional easing measures, the yiel...

  • Bank of Japan risks side effects by gobbling up government bonds

    TOKYO -- With the Bank of Japan expected to hold 30% of all Japanese government bonds by the end of next year, its outsize role is raising concerns about distorting the market's price-setting mechanism. The BOJ will increase its purchases of long...

  • Islamic bonds gain global momentum

    LONDON -- Islamic finance is spreading beyond its traditional strongholds in the Middle East and Southeast Asia. Worldwide issuance of sukuk -- bondlike instruments that respect the religion's ban on interest -- is projected to reach the second-highe...

  • Tata Motors issues a $750M debut USD-denominated high-yield bond: Dealogic

    Tata Motors on Oct. 23 issued a $750 million debut US dollar denominated high-yield bond

  • Tokyo to issue Aussie dollar municipal bond

    TOKYO -- The Tokyo Metropolitan Government said Friday that it will sell an Australian dollar bond to retail investors later this year, its first issuance of foreign-currency debt in the postwar era. The move is part of Tokyo's efforts to become ...

  • Ray Dalio: US 'beautifully' deleverages but most places need more easing

    NEW YORK -- Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, guided his company through the Great Recession as many got burned. How did he do it? Last year, he released an animated video, "How the Economic Machine Works,"...

  • When Bridgewater's Dalio speaks, people listen

    NEW YORK -- Ray Dalio, founder of Bridgewater Associates, the world's largest hedge fund, was born in the working-class borough of Queens, New York. His father was a saxophone player and his mother was a full-time homemaker. Now the superstar investo...

  • Famed US investor creates cartoon to explain economy

    NEW YORK -- Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, has made a cartoon that explains how the economy functions. In the YouTube video "How the Economic Machine Works," the American businessman analyzes three e...

  • Investors swallow negative yields to park money with government

    TOKYO -- Japan's Finance Ministry sold three-month treasury bills at negative yields Thursday, meaning that investors paid for the privilege of lending to the government. Investors are flocking to sovereign debt amid market volatility even as the ...

  • Daifuku to borrow yuan in Singapore

    SHANGHAI -- The Chinese unit of Daifuku, a Japanese manufacturer of equipment for logistics facilities, plans to borrow yuan in Singapore instead of China to take advantage of lower interest rates. The company will borrow about 48 million yuan ($...

  • Bank of China issues $6.5 billion in additional Tier 1 capital preference share

    On Oct. 17, Bank of China issued $6.5 billion in USD-denominated Additional Tier 1 Capital Preference Share via bookrunners BNP Paribas, Bank of China, CITIC Securities, China Merchants Securities, Citi, Credit Suisse, HSBC, Morgan Stanley, and Stand...

  • Abe's cabinet nightmare looms over market

    TOKYO -- Japanese Prime Minister Shinzo Abe's economic program is likely to suffer a setback following the resignations of two Japanese cabinet ministers on Monday. Premiums for credit default swaps, which insure Japanese government bonds against...

  • Inner Mongolia Yitai Coal issues 4.5 billion yuan bond

    Inner Mongolia Yitai Coal on Oct. 8 issued a 4.5 billion yuan bond via bookrunners CITIC Securities, China Development Bank Corp, China International Capital Corp, China Securities Co, Deutsche Bank, and Morgan Stanley. (Click here for full StatShot ...