Capital Markets

Japanese insurers, including Dai-ichi Life Insurance, left, and Nippon Life Insurance, are stepping up purchases of foreign bonds.

Japan insurers flock to foreign bonds as BOJ kills golden geese

TOKYO -- Japan's leading life and nonlife insurance companies plan to increase their foreign bond purchases, as the Bank of Japan's negative rate policy has made it impossible to generate sufficient returns from their staple investment in Japanese go...

  • Moody's warns 1MDB default could weigh on Malaysia

    KUALA LUMPUR -- Moody's Investors Service said a Malaysian state fund's failure to pay the interest on a $1.75 billion bond has weighed on the country's liability and may dampen its efforts to rein in its budget deficit. State fund 1Malaysia Deve...

  • Long-term JGBs higher after BOJ operations, Nikkei weakness

    TOKYO--Long-term Japanese government bonds were higher on Tuesday, with the Bank of Japan's JGB buying operations contributing to tight market conditions and the weakness in Tokyo stocks stoking demand for safe haven assets. The 10-year JGB yield...

  • Global borrowers start looking to Japan's lenders

    TOKYO -- Overseas companies are stepping up efforts to raise funds in Japan as conditions are favorable to borrow money at low costs. Japan's banks raised slightly more than $2.6 billion in fiscal 2015, with the number of deals standing at 14, un...

  • JGBs Fall on Profit-Taking

    TOKYO(Dow Jones) -- Japanese government bonds were lower across the board on Monday, as the recent market rally prompted investors to lock in profits. The 10-year JGB yield rose 0.050 point to minus 0.075% around 0600 GMT. Bond yields move invers...

  • Argentina hopes credit market comeback ignites foreign investment

    SAO PAULO -- Argentina has accessed international credit markets for the first time since its 2001 sovereign default as the center-right government of President Mauricio Macri continues to move the country away from the leftist economic policies that...

  • Yields on 5-year JGBs decline amid monetary easing hopes

    TOKYO -- Yields on five-year Japanese government bonds are sinking deeper into negative territory as expectations of fresh monetary easing keep demand robust. The yield on newly issued five-year JGBs came to minus 0.24% at the market's close Tues...

  • Negative rates hitting mutual fund investors in the wallet

    TOKYO -- The unintended consequences of the Bank of Japan's negative interest rates have now spread to investment trusts, with asset management companies moving to pass on the higher costs to clients. Investment trusts, or mutual funds, generally...

  • Japan's corporate pensions suffer first loss in 5 years

    TOKYO -- Corporate pension plans at Japanese blue chips saw the first drop in their overall asset value in five years in the fiscal year ended in March, with their average return sinking to minus 1.1% amid falling stock prices and a rising yen in the...

  • Toyota Finance likely to issue bond at record-low coupon

    TOKYO -- Toyota Finance is expected to issue a three-year straight bond with an annual coupon of 0.02%, the lowest ever on debt issued by a Japanese company. The Toyota Motor subsidiary will finalize details as early as Friday, floating a total o...

  • Institutional investors are too hedged to slow rising yen

    TOKYO -- Though life insurers and other Japanese institutional investors are pumping plenty of money into foreign bonds, these flows are exerting little downward pressure on the yen because the buyers have shielded themselves against foreign exchange...

  • Hedge funds investing in China lost 7.4 pct in first quarter

    LONDON (Reuters) -- Hedge funds investing in China lost an average of 7.4 percent in the first quarter of 2016, the fallout of a turbulent three months for the world's second largest economy, all but wiping out all the previous year's profits, data f...

  • Chinese markets' feelings mixed about debt-equity swap revival

    HONG KONG -- Recent reports that China's government may bring back debt-equity swaps have raised hopes that such moves will boost stocks by taking bad loans off banks' books while shoring up foundering businesses, though some worry that this will jus...

  • Request made to assess Sharp loans for derivatives payments

    TOKYO -- The International Swaps and Derivatives Association has been asked to assess whether a reworked loan arrangement involving Sharp qualifies as an event that triggers credit default swap settlements. A CDS is a credit derivative that works...

  • Global sukuk issuance slides 43% in 2015

    SINGAPORE -- Global issuance of Islamic bonds, or sukuk, declined 43% on the year in 2015 due to the sharp fall in commodity prices and a policy change by Malaysia, according to a financial standards organization. The total value of new sukuk iss...

  • OSIM founder ups buyout offer 5% to S$1.39/share

    SINGAPORE -- The founder and chief executive of OSIM International, a Singaporean retailer of massage chairs and other lifestyle products, has raised his cash offer to buy the company to about $326 million Singapore dollars ($241 million), some S$26 ...

  • Taiwan insider trading scandal hits Tsai, rocks biotech

    TAIPEI -- Taiwanese President-elect Tsai Ing-wen had repeatedly pledged to make biotech a key driver for the economy during her campaign, but few would have expected that just weeks after the election, the sector would become embroiled in a major ins...

  • Japan's low credit rating keeps good companies down

    TOKYO -- Corporate Japan is starting to feel the impact of the government's less-than-sterling credit rating. Last September, U.S. ratings agency Standard & Poor's cut its assessment of Japanese government debt to A+, the same level as Ireland an...

  • JGBs rise on weaker stocks, higher yen

    TOKYO (Dow Jones) -- Japanese government bonds were higher Monday, as weaker Tokyo stocks and a higher yen increased demand for safe-haven assets. The benchmark 10-year JGB yield fell 0.020 percentage point to minus 0.085% around 0600 GMT. Bond y...

  • Corporate bond prices distorted amid slack trading

    TOKYO -- Falling yields on Japanese corporate bonds have driven investors from the market, allowing price anomalies to go uncorrected. "Taking advantage of price distortions makes for interesting trading," said Haruyasu Kato of Mizuho Trust Bank,...