Japanese Government Bond

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Japanese Government Bond

Any bond issued by the government of Japan. Japanese government bonds are backed by the full faith and credit of the government and are considered relatively low risk.
References in periodicals archive ?
"The BOJ will purchase Japanese government bonds so that 10-year government bond yields will remain at around zero percent," the central bank said in the statement.
The outstanding balance of Japanese government bonds rose 3.0 percent to 969.27 trillion yen, while the outstanding balance of government bonds held by the BOJ hit an all-time high of 149.63 trillion yen, up 55.5 percent as it increases government bond purchases under its monetary easing policy.
Japanese government bonds (JGB) entered into the longest quarterly rally in nine years, according to Reuters.
"The sovereign continues to enjoy exceptionally strong funding conditions, with yields on 10-year Japanese government bonds of around 0.8%."
While the divergence between the monetary base and the money stock continued to expand, the Bank of Japan's reluctant purchases of Japanese government bonds, "unconventional" assets like asset-backed securities and equities from the banks helped to change the composition of the monetary base.
Fukui, for example, in order to initiate genuine supply-side reform, would have to stop the BOJ from buying Japanese government bonds, thereby forcing up long-term interest rates.
As for the downgrading of Japanese government bonds by credit-rating agencies, Shiokawa said, ''I do not think (the ratings) are correct.
The contractionary effect of the oil price increases ushered in a period of sizable government deficits, which resulted in a buildup in the outstanding stock of Japanese government bonds. Outstanding government debt rose as a percentage of GNP from 5 percent in the early 1970s to 40 percent in the early 1980s.
At a two-day policy meeting, Bank of Japan's (BOJ) Governor Haruhiko Kuroda and his board colleagues voted 7-2 to keep the yield on 10-year Japanese government bonds and retain the minus 0.1 percent interest rate on current accounts held by financial institutions at the central bank.
The outstanding balance of Japanese government bonds held by the Bank of Japan hit an all-time high 127.88 trillion yen at the end of March, up 43.8 percent from the previous year, the central bank's quarterly survey showed Wednesday.
The 10 year JPY17bn subordinated bond, which will mature on October 29, 2021, has a coupon of 1.62 percent to yield 60 basis points over the comparable Number 318 Japanese government bonds. The 15 year JPY25bn subordinated bond, which will mature on October 30, 2026, has a coupon of 2.20 percent to yield 68 basis points over the comparable Number 90 Japanese government bonds.
The central bank remains the largest buyer of Japanese government bonds, of which the government issues about [yen] 30 trillion per year.
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