The volume of new yen-denominated bond issues has grown dramatically in recent months. A high rate of yen issuance, both by foreign borrowers in the Japanese domestic market and through issues in the Eurobond and global bond markets may become an established feature.
| Prasad: “yen market will continue to grow” | ||||||
Euroyen new issues in the First half of this year were worth ¥6,618 billion ($61 billion), compared with ¥2,590 billion for the whole of 1999.
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