| Headline: Yen revival rests on firm ground Source: Euromoney Date: September 2000 Author: Anja Helk more on Bonds The boom in yen-denominated bond issuance looks likely to be sustained. Foreign corporates are coming to the samurai market because they need yen funds, not because they intend to swap into dollars. There’s also strong demand for emerging market sovereign bonds from Japanese investors starved of yield by low domestic interest rates. Anja Helk reports 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.
Veteran bankers can’t help being reminded of previous short-lived bursts of activity. |