Credit Risk in Japan's Corporate Bond Market
6 Pages Posted: 26 Jun 2007
Date Written: November 1999
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.
Keywords: corporate bonds, credit risk, keiretsu, yield spreads, Japanese economy
JEL Classification: G15, G32
Suggested Citation: Suggested Citation