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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Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer
How Trump, Starmer and Macron can avoid a debt crunch
With deficits soaring, their finance ministers will have to be smart
What Scott Bessent’s appointment means for the Trump administration
The president-elect’s nominee for treasury secretary faces a gruelling job
What Donald Trump and Bernie Sanders get wrong about credit cards
Forget interest rates. Rewards are the real problem
Computers unleashed economic growth. Will artificial intelligence?
Two years after ChatGPT-3.5 arrived, progress has been slower than expected
Should investors just give up on stocks outside America?
No, but it is getting a lot harder to keep the faith