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JGB

The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
Jul 10, 2024
Japan’s megabanks are said to seek deep cuts to BOJ bond buying
The bank’s ¥585 trillion bond stockpile exceeds the world’s fourth-largest economy, making bond players watchful for the BOJ’s next move.
Traditional boat parties on the Sumida River in Tokyo are popular for informal gatherings among professionals that deal in Japanese government bonds.
BUSINESS / Markets
Jul 9, 2024
Tokyo’s exclusive circle of government bond traders in demand amid policy shift
The world’s top hedge funds are shaking up the closed community that was, for a time, a sleepy backwater of global finance.
The supply of super-long Japanese debt is projected to total almost ¥30 trillion in the fiscal year that started on April 1.
BUSINESS / Markets
Jul 2, 2024
Big risks hound Japan’s longest bonds despite move to cut supply
Japan's government appears to be striving to calm down a market that’s wracked by rising yields.
As interest rates rise, the Bank of Japan will have to pay more on deposits, resulting in a mismatch between what it pays out and how much it receives on bonds it holds.
BUSINESS / Economy / FOCUS
Jul 2, 2024
The Bank of Japan’s $3 trillion problem
As interest rates rise and the deposits it holds become far more expensive, the central bank could end up becoming unprofitable.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference in Tokyo on Friday after the central bank's policy meeting.
BUSINESS / Economy
Jun 14, 2024
Bank of Japan’s slow-walk on bond buying reduction rattles market
The yen fell over what the market saw as dithering on the central bank's reduction of its massive balance sheet.
The Bank of Japan is expected to discuss cutting bond purchases at a two-day policy meeting ending Friday.
BUSINESS / Economy
Jun 11, 2024
BOJ expected to weigh bond buying cuts as rate hike timing nears
A paring back of bond purchases would mark the BOJ’s first clear step toward quantitative tightening after pivoting away from its massive stimulus program in March.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
Jun 10, 2024
Investors brace for volatility as BOJ seeks to cut bond buying
The Bank of Japan bought only ¥4.5 trillion of government bonds last month, the lowest amount since March 2013.
The Bank of Japan headquarters in Tokyo. More than half of the 50 economists surveyed predict the central bank will decide next week to slow the pace of bond buying.
BUSINESS / Markets
Jun 7, 2024
Majority of BOJ watchers expect cut in bond buying next week
Some 54% of 50 economists said the bank will slow the pace of bond buying from around ¥6 trillion per month at the policy board gathering.
The Bank of Japan's headquarters in Tokyo. Some investors are expecting the central bank to cut bond purchases this month and then raise rates in July.
BUSINESS
Jun 5, 2024
BOJ weighs reducing bond buys as early as June meeting
The bank will conclude its two-day policy meeting on June 14.
Japan Post Insurance, one of the nation’s biggest life insurers, held about ¥60.9 trillion in assets as of the end of March, of which around ¥47.7 trillion were securities, mainly government bonds.
BUSINESS / Markets
Jun 3, 2024
Japan Post goes slow in buying longest bonds after BOJ rate hike
Japan Post forecast in April that the 30-year government bond yield will be 2% at the end of March 2025
Japanese government bond yields have risen this month on hawkish hints from Bank of Japan officials, crossing 1% for the first time since April 2012.
BUSINESS / Markets
May 24, 2024
Japan's 10-year bond yield tops 1% for first time in a dozen years
The 10-year Japanese government bond yield inched up 0.5 basis point to 1.005%, its highest since April 2012.
Some strategists have predicted that Japan’s 10-year sovereign yield will rise to 2% by the end of 2026.
BUSINESS / Markets
May 22, 2024
Japan yields have room to rise after 1% reached on BOJ bets
The focus turns now to how quickly the supereasy monetary policy will be dialed back and how much further yields may rise.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
May 20, 2024
Japan’s 10-year bond yield hits decade high amid BOJ policy bets
The yield on 10-year government debt rose to a level last seen when the then newly appointed Bank of Japan Gov. Haruhiko Kuroda was starting his radical monetary easing.
The Meiji Yasuda Life Insurance headquarters in Tokyo. Japan's life insurers will lay out their investment plans for the new fiscal year starting this month.
BUSINESS / Companies
Apr 15, 2024
Investment plans for Japan’s insurers will likely favor JGBs
Companies will lay out their plans for the fiscal year starting this month.
Bank of Japan Gov. Kazuo Ueda has indicated the central bank's debt buying will be dialed back at some point.
BUSINESS
Apr 9, 2024
Japan’s bond market liquidity improves as BOJ loosens its grip
Among the signs of progress, the average bid-ask spread to trade the country’s debt has tightened to the narrowest in at least six months.
The Meiji Yasuda Life Insurance headquarters in Tokyo. The insurer isn't interested in buying Japan’s superlong sovereign bonds until yields start rising.
BUSINESS / Markets
Jan 16, 2024
Meiji Yasuda Life Insurance to avoid Japan sovereign bonds for now
Japanese life insurers are the main buyer of bonds due in more than 10 years and typically increase purchases toward the end of the fiscal year.
Former finance ministry official Michio Saito says Japanese long-term yields won’t climb much beyond 1% even if the Bank of Japan revises its yield curve control program.
BUSINESS / Markets
Jan 15, 2024
Mr. JGB says end of BOJ’s negative rate won’t set yields on fire
Yields won’t keep shooting up after the initial jump as the central bank will still be offering support for the economy, says Nomura's Michio Saito.
Prime Minister Fumio Kishida delivers a policy speech to the Lower House of parliament in Tokyo in January.
JAPAN
Dec 23, 2023
Pivot to pre-COVID normalcy tests Japan's fiscal spending appetite
A projected expansion of nominal GDP beyond ¥600 trillion for the first time may bring about the BOJ's gradual shift in policy.
Bank of Japan Gov. Kazuo Ueda in a news conference on Tuesday, when the central bank adjusted its cap on bond yields.
BUSINESS / Markets
Nov 2, 2023
Japan's yen and bond priorities at odds as market pressure grows
Unscheduled bond purchases by the Bank of Japan Wednesday worked directly against Finance Ministry efforts to support the yen.
BOJ Gov. Kazuo Ueda speaks during a news conference on Tuesday in Tokyo.
BUSINESS / Economy
Oct 31, 2023
Bank of Japan to allow 10-year yields to top 1%
The development is significant as the central bank has long maintained its strategy of buying up government bonds to control interest rates.

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