TOKYO -- More than 4 trillion yen ($35.1 billion) worth of Japanese government bonds targeting individual investors have been issued in the fiscal year ending this month, a post-financial crisis first as individuals move funds out of low-yield savings accounts.
The bonds are available in three-, five- and 10-year maturities. The first two come with fixed interest rates while the 10-year note carries a variable rate. Each guarantees a 0.05% minimum annual rate and there is no risk of the debt falling below par value.
