Takahiro Okamoto is an analyst for IFR Markets, IFR’s real-time market commentary service, and reporter for International Financing Review based in Tokyo. Takahiro has worked for Thomson Reuters since 2000 initially covering the Japanese money market, then yen interest rate swaps, swaptions, and JGBs. From 2011 to 2016, he contributed yen swap commentary on a daily basis to DealWatch, Thomson Reuters’ Japanese language publication, and Reuters News. In 2016, he started covering the international yen debt capital market including Samurai.
Japan’s biggest pension fund channelled more money into riskier credit investments during the last fiscal year, adding exposure to Venezuela, Iraq and casino operators while cutting back on US Treasuries and yen bonds.
National Australia Bank returned to the Samurai market for the first time since January 2017 to raise ¥104.9bn (US$934m) from a dual-tranche five and 10-year bond, hot on the heels of a five-year deal from Aussie peer Westpac in late June.
Mitsubishi UFJ Morgan Stanley Securities has been dropped from several bond deals in Japan, days after regulators recommended that it be fined for alleged manipulation of government bond futures.