Turning the screw

Article Abstract:

Japanese ten-year government bond yields have risen since Sep 1998 and this does not appear to be due to an improvement in the economy, despite claims of the governor of Japan's central bank. Japanese fiscal policy has involved deficit spending, while tax revenues are falling. Japan has also had very low interest rates, which are starting to return to previous levels. Interest rates in terms of bond yields indicated long-term deflation, which appears implausible.

Japan, Interest Rates, Economic aspects

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A truly miserable market: Japanese government bonds

Article Abstract:

Japan's government bond market is the world's second largest, and it is not efficiently run, and the government is doing little to repair problems. Not enough foreign investors, manipulation of the market and other topics are discussed.

Credit market, Credit markets

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Unmoved

Article Abstract:

Developments in the Japanese market for government bonds are examined in detail, as is deficit financing in Japan.

Government Bonds

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