Japan's top banks look to support Japanese companies seeking yuan-denominated financing in China.
Bonds

Japan's MUFG, Mizuho licensed to lead 'panda bond' issuances

China may seek wider opening of its massive bond market

23 January 2024
Masataka Miyazono, president of Japan's Government Pension Investment Fund, speaks to reporters on Jan. 19. (Photo by Akira Inujima)
Finance

Japan pension giant GPIF opens door to more asset managers

One of world's biggest intuitional investors to use data science to pick active funds

22 January 2024
A view of the Bangkok business district: Before the pandemic, East Asia experienced robust growth thanks to easy financial conditions.
Opinion

More risk ahead as East Asian companies face debt deadlines

Up to 40% of region's corporate bonds due to mature within three years

18 January 2024
Italian-Thai Development has outstanding bonds of 14.5 billion baht ($414 million), with a tranche worth 2 billion baht due on Feb. 15.
Markets

Construction giant ITD adds to Thailand's corporate debt woes

Bond market tries to ease contagion concerns, with total $25.4 billion due this year

16 January 2024
Chinese 100 yuan notes. Consumer prices in China fell 0.3% from a year earlier in December.
Bonds

China 10-year yield near record low on deflation fears

Speculation of easing persists even as medium-term rate kept steady

16 January 2024
The yen has weakened as the U.S. 10-year rate rises and speculation of policy adjustments by the Bank of Japan wanes. (Photo by Satoko Kawasaki)
Currencies

Yen weakens to 143 against dollar on higher U.S. yields

BOJ seen unlikely to end negative rates soon after deadly earthquake

4 January 2024
Companies such as PICC Health Insurance and China Pacific Life Insurance have issued perpetual bonds.
Caixin

Perpetual bonds become lifeline for China's capital-hungry insurers

Wave of these hybrid debt instruments expected to hit market in coming years

25 December 2023
Few market watchers expect multiple rate hikes from the Bank of Japan next year, unlike from the U.S. Federal Reserve. (Nikkei montage/source photos by Yumiko Oshima, Reuters)
Bank of Japan

Japan markets see little chance of BOJ rate hike cycle ahead

2-year yield near zero points to 'lower for longer' outlook

22 December 2023
The Japanese government intends to increase its estimate for long-term interest rates for budget purposes. (Photo by Masaru Shioyama)
Bonds

Japan to raise assumed rate for debt-servicing to 1.9%

Estimate set to increase for first time in 17 years as bond yields rise

20 December 2023
Shandong province has issued 25 billion yuan ($3.5 billion) in special bonds for replenishing the primary capital of four city commercial banks and 80 rural commercial banks, including 2.2 billion yuan to be injected into Dongying Bank.
Caixin

China local governments tap $29bn in special bonds to fund smaller banks

Issuances accelerate as smaller lenders face greater trouble generating profits

16 December 2023
The Bank of Japan on Dec. 4 held its first workshop with outside experts in a broad-perspective review of the impact of its monetary easing. (Photo by Mizuho Hasegawa)
Bank of Japan

Japan bond liquidity worse under easing, BOJ review finds

Market conditions 'have improved' with changes to yield curve control

6 December 2023
The Bank of Japan's paper losses on its Japanese government bond holdings have soared amid rising interest rates.
Bank of Japan

Bank of Japan's paper loss on JGB holdings grows to record $71bn

Higher rates could erode finances if central bank moves toward easing exit

29 November 2023
The Japanese government's fiscal 2024 budget request contains an 11% increase in debt servicing costs from the initial fiscal 2023 budget.
Economy

Japan to lift assumed rate for debt-servicing for 1st time in 17 years

Fiscal 2024 budget request reflects BOJ's policy to let bond yields rise

29 November 2023
Four of China's six largest liquidity injections in a given week have come in the months since September.
Markets

China's central bank boosts liquidity to rein in short-term rates

String of massive market operations carried out since September

28 November 2023
Moody's Investors Service expects China's slow economic recovery and weak consumer confidence to continue hampering Vanke's sales.
China debt crunch

China developer Vanke near 'junk' status after Moody's downgrade

Ratings agency questions long-term funding access amid weak sales, cautious investors

25 November 2023
Dalian Wanda Group's earnings had sunk amid the pandemic, sending the developer into a cash crunch.
China debt crunch

China's Wanda seeks to extend repayment on $600m in dollar debt

Developer Sunac's restructuring plan takes effect in possible model for industry

22 November 2023
Vietnamese police have recommended prosecuting 86 people involved in alleged bribery and embezzlement at developer Van Thinh Phat and SCB bank.
Crime

Vietnam alleges $12bn embezzlement by property firm and bank

Van Thinh Phat and SCB are among biggest targets in corruption clampdown

20 November 2023
Former St. Louis Federal Reserve Bank President James Bullard says he prefers "to not be dogmatically hawkish or dovish."
Interview

U.S. to 'most likely' avoid recession, ex-St. Louis Fed's Bullard says

Former central banker sees 'relatively low probability' of deep rate cuts in 2024

18 November 2023
Warren Buffett has increased holdings of Japanese stocks recently. (Photo by Shinya Sawai)
Bonds

Warren Buffett's Berkshire plans $815m in new yen bonds

2nd yen bond offering this year to be sold in 5 maturities

18 November 2023
The weak yen has boosted overseas demand for currency-hedged Japanese government bond investment.
Bonds

Foreigners hold more JGBs than Japan banks for first time

BOJ still dominates bond market, but weak yen has attracted global money

15 November 2023
New York-based ICBC Financial Services's business and email systems operate independently of the parent ICBC Group.
Technology

Chinese lender ICBC's U.S. unit hit by ransomware attack

Subsidiary says services disrupted but Treasury and stock operations executed

10 November 2023
Increasing hedging costs when buying U.S. and other foreign bonds are also acting to boost JGB purchases.
Bonds

Japan life insurers turn away from U.S. Treasurys for JGBs as rates rise

Nippon Life Insurance and Dai-ichi Life to step up buying of superlong-term bonds

9 November 2023
Escaping from the BOJ's domination of the JGB market has been a long-held dream by traders. But many are now more anxious than happy as that starts to become a reality.
Bonds

Risk of Japan interest rate spike increases as BOJ softens grip

Central bank's policy shift hands more control of bond prices to private sector

6 November 2023
With the yuan at its lowest point against the dollar since 2007, Chinese monetary authorities seem eager to step in to support the country's currency.
Datawatch

What is behind the 40% drop in China's U.S. Treasury holdings?

Market players see Beijing selling American debt to prop up the yuan

4 November 2023
Federal Reserve Chairman Jerome Powell has kept the possibility of further rate hikes on the table.
Markets

U.S. Treasury yields take a breath, but Asia stays on guard

India, Philippines and Thailand appear most exposed to Fed tightening

3 November 2023