The Samurai Bond Market
6 Pages Posted: 11 Jul 2007
Date Written: June 1997
Issuance in the samurai bond market has more than tripled over the past several years. Some observers have attributed this growth to a systematic underestimation of credit risk in the market. A detailed review of credit quality, ratings differences, and initial issue pricing in the samurai bond market, however, turns up little evidence to support this concern.
Keywords: Samurai Bond Market, issuance
JEL Classification: G10, G15, G24
Suggested Citation: Suggested Citation