Capital Markets

Indonesia battles turbulence

President calls for investor calm

JAKARTA -- Indonesian President Joko Widodo called on investors to remain calm and not be distracted by recent global economic turbulence since domestic fundamentals remain strong. The government and central bank, Bank Indonesia (BI), have taken ...

  • Rampant volatility taking toll

    Tumbling crude prices shaking financial markets

    TOKYO -- Plunging crude prices are sending shock waves around the world, undercutting the currencies of oil-producing countries and sapping energy-related stocks and corporate bonds while boosting the yen and other safe havens. The Central Bank o...

  • JGBs rise after robust 5-year bond auction

    TOKYO (Dow Jones) -- Japanese government bonds rose Tuesday in Tokyo following a solid bond auction, a tumble in Tokyo share prices and a rise in the yen. The benchmark 10-year JGB yield was down 1.5 basis points at 0.360% as of 0600 GMT, the low...

  • Oil and the global economy

    Cheap crude driving down long rates

    TOKYO -- The plunge in crude oil is fueling the likelihood that price increases will slow worldwide, pushing long-term interest rates lower in major economies. West Texas Intermediate, the U.S. crude benchmark, dipped at one point to near $60 per...

  • Shale gas boom

    500 billion yen fund to invest in LNG carriers

    TOKYO -- An investment fund slated to launch next month will use its 500 billion yen ($4.1 billion) or so in assets to purchase liquefied natural gas carriers and other large ships, with an eye on Japan's imports of North American shale gas starting ...

  • Japanese bond market

    Moody's downgrade barely felt in credit spreads

    TOKYO -- The recent cut to Japan's credit rating seems to be having little effect so far on borrowing by Japanese companies and local governments. Since Moody's Investors Service lowered its rating on Japanese sovereign debt from Aa3 to A1 on Mon...

  • Moody's cuts credit ratings for 5 Japanese banks by one notch

    TOKYO (Kyodo) -- Moody's Investors Service Inc. said Tuesday it has downgraded its debt ratings for five Japanese banks by one notch to A1 from Aa3 with stable outlooks, after cutting its rating for Japanese sovereign bonds the previous day. The ...

  • Japanese sovereign debt

    Moody's downgrade having minimal effects in Tokyo

    TOKYO -- Moody's decision to lower Japan's sovereign debt rating serves as a tough reminder of the need for fiscal reform and is fueling some movements here, but most market watchers see only limited impacts from the change. Tom Byrne, a regional...

  • Japanese sovereign debt

    Moody's cuts rating after tax hike delayed

    TOKYO -- Moody's Investors Service downgraded sovereign debt of Japan by a notch Monday, from Aa3 to A1, after Prime Minister Shinzo Abe decided last month to postpone raising the consumption tax. The government's goal of a primary balance surplu...

  • Abenomics on the ropes

    Moody's downgrades Japan

    BANGKOK -- Moody's Investors Service downgraded Japan's sovereign debt rating on Monday. The ratings agency is dropping Japan one notch from Aa3 to A1. The outlook remains stable, Moody's said. In a report published on Monday, Moody's mentioned t...

  • Corporate governance reform

    Japan Inc.'s new owners feel the need for change

    TOKYO -- The Financial Services Agency and the Tokyo Stock Exchange will draw up new guidelines on corporate governance by the end of the month. According to market players, the administration of Prime Minister Shinzo Abe is addressing corporate ...

  • Southeast Asian corporate bonds

    Market picks up steam on official credit guarantees

    MANILA -- Southeast Asia's corporate bond markets are becoming more lively thanks to an official credit guarantee program created by the 10-member Association of Southeast Asian Nations, Japan, China and South Korea. Many companies in Southeast A...

  • Venture capital in Japan's biotech

    Spider thread tempts but industry investment still low

    TOKYO -- Spiber, a Japanese biotech startup based in Tsuruoka, Yamagata Prefecture, is attracting throngs of corporate executives and investors from around the world. About 1,000 people visit the company annually to see the unique product it make...

  • Sovereign debt

    Japan issuing more ultralong bonds to lock in ultralow rates

    TOKYO -- The Japanese government will issue more 30- and 40-year bonds next fiscal year, seeking to take advantage of today's low borrowing rates for decades to come. The government is looking to issue around 1 trillion yen ($8.44 billion) more o...

  • US bond sales

    Alibaba issues $8B in corporate bonds

    NEW YORK -- Alibaba Group Holding issued $8 billion in corporate bonds here Thursday, one of the largest single issuances of dollar-denominated bonds by an Asian company. The Chinese e-commerce giant issued two $2.25 billion portions, one in five...

  • 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'...