Author: Hongfang Zhang
Publisher:
ISBN:
Category :
Languages : en
Pages : 35
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Book Description
This paper examines the dynamic patterns of international linkages of the Japanese government bond yields with government bond yields in the US, the UK and Germany during the period from January 1980 to December 2004. Applying the vector autoregression (VAR) model and the vector error correction (VEC) model to monthly observations of nominal bond yields and exchange rate-adjusted bond yields over the 25-year period, this paper provides consistent empirical evidence that the Japanese bond market is independent of other major national bond markets, but it exerts some influence in determining bond yields in bond markets in other major industrial countries. However, since the early 1990, evidence shows that the independence of the Japanese bond market has increased further, while its leading role in global bond markets has been eroded significantly.
Author: Mr.Waikei W. Lam
Publisher: International Monetary Fund
ISBN: 1463927266
Category : Business & Economics
Languages : en
Pages : 19
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Book Description
Despite the rise in public debt, Japanese Government Bond (JGB) yields have remained low and stable, supported by steady inflows from the household and corporate sectors, high domestic ownership of JGBs, and safe-haven flows from heightened sovereign risks in Europe. Over time, however, the market's capacity to absorb new debt will likely shrink as population ages and risk appetite recovers. In the short term, a decline in fund supply from the corporate sector, where financial surpluses are abnormally high, and spillovers from global financial distress could push up JGB yields. Fiscal reforms to reduce public debt more quickly and lengthen the maturity of government bonds will help limit these risks.
Author: Frank J. Fabozzi
Publisher: Irwin Professional Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 560
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Book Description
Author: Mitsuhiro Fukao
Publisher:
ISBN:
Category : Bonds
Languages : en
Pages : 110
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Author: Organisation for Economic Co-operation and Development
Publisher: OECD
ISBN:
Category : Business & Economics
Languages : en
Pages : 256
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Book Description
Provides a detailed survey of a largely unexplored territory - the bond markets in the Dynamic Asian Economies of Hong Kong, Korea, Malaysia, Singapore, Taiwan and Thailand.
Author: Touran Halati
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 416
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Author: James K. Jackson
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 30
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Author: Nicholas Sargen
Publisher:
ISBN:
Category :
Languages : en
Pages : 8
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Author: M. Miyachi
Publisher:
ISBN:
Category : Bond market
Languages : en
Pages : 18
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Author: Aron Viner
Publisher: McGraw-Hill Professional Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 390
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