Can Japan’s zombie bond market be brought back to life?
Ueda Kazuo begins on a dangerous mission
Visitors to Tokyo in the 1990s arrived in a city that looked like the future. A megalopolis of high-rise buildings, neon lights and new technology left a mark on those who witnessed it. But the city has not changed all that much since. Today some travellers joke that Tokyo still looks like a vision of the future—just one planned in 1990.
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This article appeared in the Finance & economics section of the print edition under the headline “Groaning traders”
Finance & economics August 31st 2024
- Inflation is down and a recession is unlikely. What went right?
- Are American rents rigged by algorithms?
- The plasma trade is becoming ever-more hypocritical
- How Vladimir Putin hopes to transform Russian trade
- Can Japan’s zombie bond market be brought back to life?
- Vast government debts are riskier than they appear
From the August 31st 2024 edition
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