Preparing for an end to deflation

Inflation-linked bonds


It’s very much early days for Japan’s inflation-linked bond market. The first auction of inflation-indexed Japanese government bonds (JGBi) took place in March, with just ¥100 billion ($915 million) up for grabs – a drop in the ocean compared with the ¥540 trillion in government bonds outstanding as of December last year. The next auction is scheduled for early June, this time with ¥300 billion of paper set for issue.

Nonetheless, despite it being a very young market, something of a Catch 22

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: