Can Japan’s zombie bond market be brought back to life?
Ueda Kazuo begins on a dangerous mission
Visitors to Tokyo in the 1990s arrived in a city that looked like the future. A megalopolis of high-rise buildings, neon lights and new technology left a mark on those who witnessed it. But the city has not changed all that much since. Today some travellers joke that Tokyo still looks like a vision of the future—just one planned in 1990.
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This article appeared in the Finance & economics section of the print edition under the headline “Groaning traders”
Finance & economics August 31st 2024
- Inflation is down and a recession is unlikely. What went right?
- Are American rents rigged by algorithms?
- The plasma trade is becoming ever-more hypocritical
- How Vladimir Putin hopes to transform Russian trade
- Can Japan’s zombie bond market be brought back to life?
- Vast government debts are riskier than they appear
From the August 31st 2024 edition
Discover stories from this section and more in the list of contents
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Could war in the Gulf push oil to $100 a barrel?
Missiles are flying over a region that supplies a third of the world’s crude
How bond investors soured on France
They now regard the euro zone’s second-largest economy as riskier than Spain
Can Andrea Orcel, Europe’s star banker, create a super-bank?
An interview with the boss of UniCredit
Why economic warfare nearly always misses its target
There is no such thing as a strategic commodity
A tonne of public debt is never made public
New research suggests governments routinely hide their borrowing
Xi Jinping’s belated stimulus has reset the mood in Chinese markets
But can the buying frenzy last?