The samurai bond market

Frank Packer () and Elizabeth Reynolds

Current Issues in Economics and Finance, 1997, vol. 3, issue Jun

Abstract: 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: Bonds; Japan (search for similar items in EconPapers)
Date: 1997
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