Capital Markets

JGBs fall after discouraging BOJ debt purchase result

TOKYO (Dow Jones) -- Japanese government bonds fell Wednesday after the result of a Bank of Japan debt purchase operation suggested slightly weaker demand for government securities. The BOJ's offer to buy JGBs with maturities of over 25 years dre...

  • China stocks slump in early trade despite regulators' pledge of more support

    SHANGHAI (Reuters) -- China stocks slumped further on Tuesday morning after their worst single-day drop in more than eight years in the previous session, shrugging off Beijing's promises of more support for the market. Stock regulators said late ...

  • China-Japan thaw

    China state bank picks first Japanese lead manager in 5 years

    SHANGHAI -- The state-owned China Development Bank has chosen Japan's Bank of Tokyo-Mitsubishi UFJ as one of the lead managers for its forthcoming dollar bond issuance. The policy lender, 100% owned by the Chinese government, is said to strongly ...

  • Exploiting low rates

    SoftBank gearing up for major dollar, euro bond issuances

    TOKYO -- SoftBank Group will issue around 530 billion yen ($4.24 billion) worth of bonds in the dollar and euro, making it one of the largest single bond issuances denominated in foreign currencies by a nonfinancial Japanese company. SoftBank see...

  • S&P raises Greece rating by two notches on bailout talks with creditors

    ATHENS (Reuters) -- Standard & Poor's on Tuesday upgraded Greece's sovereign credit rating by two notches and revised its outlook to stable from negative, citing euro zone countries initial agreement to start negotiations with the country on a third ...

  • Diversifying funding

    Orix offering dollar bonds to support activities abroad

    TOKYO -- Leasing services provider Orix will issue dollar-denominated bonds as early as Friday to raise $300 million for financing growing overseas operations. The coupon rate on the five-year bonds is seen at around 3%, and the main buyers will ...

  • Looming US rate hike

    Corporate bond yields high despite Greece rescue prospects

    TOKYO -- The Greek bailout agreement should have led to increased investment in corporate bonds, a risky asset. But investors are not showing much appetite for them in the U.S. and Japan, with expectations of an American interest rate hike this year ...

  • JGBs Little Changed After BOJ Meet

    TOKYO (Dow Jones) -- Long and superlong JGBs were slightly firmer on Wednesday on the back of a gain in U.S. Treasurys overnight and as concerns about Greece's debt concerns receded. Meanwhile, the market was little moved after the Bank of Japan ...

  • Pushing the yuan

    China eases reins on interbank bond market

    BEIJING -- China has let loose central banks, sovereign wealth funds and others in its bond market as it seeks special recognition for the yuan by the International Monetary Fund. Under a system announced Tuesday, governmental investors can trade...

  • Greek debt crisis

    Samurai bond repayment staves off default -- for now

    TOKYO -- The Greek government has met the deadline for repaying yen-denominated "samurai" bonds it issued in 1995, according to bond manager Mizuho Bank. This allows the country to avert a default for now, but Athens' ability to repay other maturing ...

  • Greek debt crisis

    Athens repays Y11.6bn in samurai bonds on time

    TOKYO -- The Greek government repaid 11.6 billion yen ($93.9 million) in yen-denominated bonds as they came due on Tuesday, according to Mizuho Bank, the Japanese bank that manages the bond. The relatively small amount of the so-called samurai bonds ...

  • Greek crisis

    Repayment of Greek samurai bonds coming due Tuesday

    TOKYO/ISTANBUL -- A yen-denominated Greek government bond issued in 1995 will be due for repayment on Tuesday, drawing much of the market's focus to whether Greece will make the payment. "We have taken all steps required for repaying (the princip...

  • Markets await Fed

    US rate hike delay could drive more dollar appreciation

    TOKYO -- Markets increasingly see the U.S. Federal Reserve Board waiting to raise rates until December, which could lead to the dollar strengthening further, rather than weakening. "I expect that it will be appropriate at some point later this ye...

  • Shift to stocks

    Japan's pension giant reaps record profit in fiscal 2014

    TOKYO -- Investment profit for Japan's public pension fund behemoth hit its highest mark ever in fiscal 2014, reaching 15.29 trillion yen ($124 billion) according to an announcement Friday. That number represents a 49.6% leap from the previous fi...

  • Ripple effect

    Global hedge funds hit by China's stock rout, Greek concerns

    TOKYO -- Hedge funds around the world are slumping amid a global stock downturn stemming from China's market plunge and confusion over support measures for Greece. The HFRI Fund Weighted Composite Index, a measure of overall hedge fund trends, fe...

  • Itsuo Toshima

    Global markets brace for third straight Monday morning plunge

    Amid the disarray surrounding the Greek debt crisis, international creditors appear to be gradually moving closer to accepting debt relief. Greece's creditors are not as monolithic as they may seem at first glance. The International Monetary Fund...

  • Can't get in, can't get out

    Japanese funds frozen on confusion in China

    TOKYO -- With trading suspended for more than half of stocks on the Shanghai and Shenzhen exchanges, the likes of Nomura Securities and Daiwa Securities have frozen requests to purchase or cash out of mutual funds focusing on Chinese shares. At l...

  • China market turmoil

    Investors in dark about real worth of securities

    TOKYO -- The effects of China's market plunge are spreading to the investment trust markets of Japan and the U.S. On Wednesday, major exchange-traded funds comprised of Chinese stocks ran into massive selling in the U.S. And in Tokyo on Thursday, sal...

  • Nervous market

    45% chance of Greece exit from euro, say market experts

    TOKYO -- Market players on average see a 45% chance of Greece leaving the eurozone due to its debt crisis, according to a survey by QUICK Corp. The poll was conducted on Monday and Tuesday, after Greek voters in a referendum said "no" to austerit...

  • Market signs

    What the lowest interest rate in 5,000 years means

    TOKYO -- This year has been a record year for the Japanese market. The Nikkei Stock Average marked its longest winning streak in 27 years, while the dollar topped the 125 yen mark for the first time in over 12 years. Andy Haldane, chief economist...