A Quick Guide to Japan's Government Debt
- A debt primer: What we talk about when we talk about JGBs
- What’s a construction bond? A FILP bond? A rollover bond?
A person takes a photograph of the skyline from the observation deck of the Tokyo Tower.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
With Japan’s economists and bond market participants mapping out their expectations for potential monetary and fiscal stimulus news in coming days, one thing that’s increasingly in focus is the different types of government debt.
There’s a welter of terms used for different securities -- any of which could conceivably be issued to help pay for Prime Minister Shinzo Abe’s spending-and-lending package, expected on Aug. 2. One thing to note is that the various types of debt look the same to bond buyers, so these distinctions don’t matter if the Bank of Japan decides to increase purchases at its July 29 meeting.