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Credit Risk in Japan's Corporate Bond Market, Volume 5, Issue 15

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Credit Risk in Japan's Corporate Bond Market, Volume 5, Issue 15

DATE: November 1999

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ABSTRACT: From the fall of 1997 to the spring of 1999, yield spreads in Japan's corporate bond market increased sharply. An analysis of this rapid rise suggests that Japanese investors in corporate bonds may be paying closer attention to the credit risk of individual issuers. Such a shift in investor focus would represent a major change in the structure of this market.

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Federal Reserve Bank of New York. Research and Statistics Group. "Credit Risk in Japan's Corporate Bond Market, Volume 5, Issue 15," Current Issues in Economics and Finance (November 1999). https://fraser.stlouisfed.org/title/6879/item/627914, accessed on March 28, 2023.

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