Home
News (09.01.2017)
Debt sustainability
Growth GDP
Jap Government bonds
City/Prefecture bond
Sector
Equity-Nikkei/Topix
ETF's
Variable Annuities
Home prices Kanto
Rating
CDS/itraxx Japan
JGB 10-year yield
JGB Futures
JPY Swap market
Samuraibonds
Eurobonds
Old Japanese bonds
Inflation rates
Exchange rates
Unemployment rates
Comparison Latam
Comparison Asia
Calculator
Table
Literature/Links
Impressum/Contact
Sitemap


Samuraibonds (latest update 16.06.2010)

Foreign corporate companies can fund their debt by issuing Samuraibonds. Samuraibonds are denominated JPY and have actually a relatively low spread compared to their home markets. For Japanese investors it could be nevertheless a good investment, because the domestic bond spreads do no reflect the default risk of the issuer. This is the Japanese problem that the capital market does not provide enough JPY denominated assets. The cheap money from the central bank has spoiled and taken away the pricing and indication mechnismn of scaricty of money. It also means that money or better potential grows lies idol or even worse is invested in low return and low productive assets.

Eurobonds

As the corporate bond market in Europe is quite deep and diversified those bonds would be a good source of assets. Also the credits spreads reflect the risk relatively well as in Europe the way of measuring credit risk is quite sophisticated.

 

I will check how the normal investor in Japan can invest in those assets and what the restrictions are.

Top