Japanese Fixed Income Markets: Money, Bond and Interest Rate Derivatives by Jonathan A. Batten
English | Nov 30, 2006 | ISBN: 0444520201 | 460 Pages | PDF | 5 MB
The Japanese capital markets were liberalized, decontrolled and increasingly opened to foreign participation in the 1970s. The fixed income market particularly expanded to finance the government fiscal deficits commencing in 1975. However, growth in the non-Government side of the market for Japan has been a more recent phenomenon and a goal of policymakers in Japan and Asia since 1997. These markets are now second only to those in the United States and dominate the issuance market in the Asian Pacific region.