Credit risk in Japan's corporate bond market

Frank Packer ()

Current Issues in Economics and Finance, 1999, vol. 5, issue Nov

Abstract: 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: Credit; Corporate bonds; Risk; Japan (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fednci:y:1999:i:nov:n:v.5no.15

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