Author: Frank J. Fabozzi
Publisher: Irwin Professional Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 560
Book Description
The Japanese Bond Markets
Author: Frank J. Fabozzi
Publisher: Irwin Professional Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 560
Book Description
Publisher: Irwin Professional Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 560
Book Description
Assessing the Risks to the Japanese Government Bond (JGB) Market
Author: Mr.Waikei W. Lam
Publisher: International Monetary Fund
ISBN: 1463927266
Category : Business & Economics
Languages : en
Pages : 19
Book Description
Despite the rise in public debt, Japanese Government Bond (JGB) yields have remained low and stable, supported by steady inflows from the household and corporate sectors, high domestic ownership of JGBs, and safe-haven flows from heightened sovereign risks in Europe. Over time, however, the market's capacity to absorb new debt will likely shrink as population ages and risk appetite recovers. In the short term, a decline in fund supply from the corporate sector, where financial surpluses are abnormally high, and spillovers from global financial distress could push up JGB yields. Fiscal reforms to reduce public debt more quickly and lengthen the maturity of government bonds will help limit these risks.
Publisher: International Monetary Fund
ISBN: 1463927266
Category : Business & Economics
Languages : en
Pages : 19
Book Description
Despite the rise in public debt, Japanese Government Bond (JGB) yields have remained low and stable, supported by steady inflows from the household and corporate sectors, high domestic ownership of JGBs, and safe-haven flows from heightened sovereign risks in Europe. Over time, however, the market's capacity to absorb new debt will likely shrink as population ages and risk appetite recovers. In the short term, a decline in fund supply from the corporate sector, where financial surpluses are abnormally high, and spillovers from global financial distress could push up JGB yields. Fiscal reforms to reduce public debt more quickly and lengthen the maturity of government bonds will help limit these risks.
International Bond Markets
Author: David Gowland
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 216
Book Description
Monograph comprising contributions by various authors on government borrowings, debt management and bond markets described in various countries. Covered subjects include: "Debt management in the U.S.A." by B. Craven; "The Japanese bond market" by M. Okuda and S. James; "The bond market in Australia" by K. Davis and M. Lewis; and "The bond market and the changing financial structure of Italy" by G. Mauro.
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 216
Book Description
Monograph comprising contributions by various authors on government borrowings, debt management and bond markets described in various countries. Covered subjects include: "Debt management in the U.S.A." by B. Craven; "The Japanese bond market" by M. Okuda and S. James; "The bond market in Australia" by K. Davis and M. Lewis; and "The bond market and the changing financial structure of Italy" by G. Mauro.
International Linkages of Japanese Bond Markets
Author: Hongfang Zhang
Publisher:
ISBN:
Category :
Languages : en
Pages : 35
Book Description
This paper examines the dynamic patterns of international linkages of the Japanese government bond yields with government bond yields in the US, the UK and Germany during the period from January 1980 to December 2004. Applying the vector autoregression (VAR) model and the vector error correction (VEC) model to monthly observations of nominal bond yields and exchange rate-adjusted bond yields over the 25-year period, this paper provides consistent empirical evidence that the Japanese bond market is independent of other major national bond markets, but it exerts some influence in determining bond yields in bond markets in other major industrial countries. However, since the early 1990, evidence shows that the independence of the Japanese bond market has increased further, while its leading role in global bond markets has been eroded significantly.
Publisher:
ISBN:
Category :
Languages : en
Pages : 35
Book Description
This paper examines the dynamic patterns of international linkages of the Japanese government bond yields with government bond yields in the US, the UK and Germany during the period from January 1980 to December 2004. Applying the vector autoregression (VAR) model and the vector error correction (VEC) model to monthly observations of nominal bond yields and exchange rate-adjusted bond yields over the 25-year period, this paper provides consistent empirical evidence that the Japanese bond market is independent of other major national bond markets, but it exerts some influence in determining bond yields in bond markets in other major industrial countries. However, since the early 1990, evidence shows that the independence of the Japanese bond market has increased further, while its leading role in global bond markets has been eroded significantly.
ASEAN+3 Bond Market Guide 2016 Japan
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292575023
Category : Business & Economics
Languages : en
Pages : 193
Book Description
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region’s bond markets. It provides various information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction including settlement systems, and other relevant information. Bond Market Guide 2016 for Japan is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Japan. The report should be recognized as a collective good to support bond market development among ASEAN+3 members.
Publisher: Asian Development Bank
ISBN: 9292575023
Category : Business & Economics
Languages : en
Pages : 193
Book Description
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region’s bond markets. It provides various information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction including settlement systems, and other relevant information. Bond Market Guide 2016 for Japan is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Japan. The report should be recognized as a collective good to support bond market development among ASEAN+3 members.
Scarcity Effects of Quantitative Easing on Market Liquidity: Evidence from the Japanese Government Bond Market
Author: Mr.Fei Han
Publisher: International Monetary Fund
ISBN: 1484355342
Category : Business & Economics
Languages : en
Pages : 43
Book Description
Quantitative easing could improve market liquidity through many channels such as relaxing bank funding constraints, increasing risk appetite, and facilitating trades. However, it can also reduce market liquidity when the increase in the central bank’s holdings of certain securities leads to a scarcity of those securities and hence higher search costs in the market. Using security-level data from the Japanese government bond (JGB) market, this paper finds evidence of the scarcity (flow) effects of the Bank of Japan (BOJ)’s JGB purchases on market liquidity. Moreover, we also find evidence that such scarcity effects could dominate other effects when the share of the BOJ’s holdings exceeds certain thresholds, suggesting that the flow effects may also depend on the stock.
Publisher: International Monetary Fund
ISBN: 1484355342
Category : Business & Economics
Languages : en
Pages : 43
Book Description
Quantitative easing could improve market liquidity through many channels such as relaxing bank funding constraints, increasing risk appetite, and facilitating trades. However, it can also reduce market liquidity when the increase in the central bank’s holdings of certain securities leads to a scarcity of those securities and hence higher search costs in the market. Using security-level data from the Japanese government bond (JGB) market, this paper finds evidence of the scarcity (flow) effects of the Bank of Japan (BOJ)’s JGB purchases on market liquidity. Moreover, we also find evidence that such scarcity effects could dominate other effects when the share of the BOJ’s holdings exceeds certain thresholds, suggesting that the flow effects may also depend on the stock.
Japanese Fixed Income Markets
Author: Jonathan Batten
Publisher: Elsevier
ISBN: 0444520201
Category : Business & Economics
Languages : en
Pages : 458
Book Description
Structured in 4 parts: Macroeconomic Environmental Development, Credit Risk Measures and Management, Interest Rate Analysis and Market Integration sections; this book looks at the Japanese Fixed Income Market. It focuses on macroeconomic environmental developments, credit risk measures and management, interest rate analysis and market integration.
Publisher: Elsevier
ISBN: 0444520201
Category : Business & Economics
Languages : en
Pages : 458
Book Description
Structured in 4 parts: Macroeconomic Environmental Development, Credit Risk Measures and Management, Interest Rate Analysis and Market Integration sections; this book looks at the Japanese Fixed Income Market. It focuses on macroeconomic environmental developments, credit risk measures and management, interest rate analysis and market integration.
U.K., German and Japanese Government Bond Markets
Author: Thomas J. Urich
Publisher:
ISBN:
Category : Bonds
Languages : en
Pages : 114
Book Description
Publisher:
ISBN:
Category : Bonds
Languages : en
Pages : 114
Book Description
Emerging Bond Markets in the Dynamic Asian Economies
Author: Organisation for Economic Co-operation and Development
Publisher: OECD
ISBN:
Category : Business & Economics
Languages : en
Pages : 256
Book Description
Provides a detailed survey of a largely unexplored territory - the bond markets in the Dynamic Asian Economies of Hong Kong, Korea, Malaysia, Singapore, Taiwan and Thailand.
Publisher: OECD
ISBN:
Category : Business & Economics
Languages : en
Pages : 256
Book Description
Provides a detailed survey of a largely unexplored territory - the bond markets in the Dynamic Asian Economies of Hong Kong, Korea, Malaysia, Singapore, Taiwan and Thailand.
The Bond Market in Japan
Author: Bond Underwriters Association, Japan
Publisher:
ISBN:
Category : Bonds
Languages : en
Pages : 23
Book Description
Publisher:
ISBN:
Category : Bonds
Languages : en
Pages : 23
Book Description