Japan’s Retail JGB Sales Hit Highest Since 2007 as Rates Climb
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Sales of Japan’s government bonds for individual investors have surged past ¥5 trillion ($32 billion) this year, the most since 2007, as rising interest rates draw household cash out of bank deposits after the Bank of Japan began tightening policy.Issuance from January to December totaled about ¥5.28 trillion, Ministry of Finance data show. The five-year retail note issued in November carried a 1.22% coupon, almost 2.7 times the 0.46% offered a year earlier.