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  4. Feb. 2008

Capital Markets & IT -lakyara

Financial institutions are under constant pressure to reduce costs, improve operational efficiency, adapt to regulatory changes and grow their business. NRI believes that a combination financial knowledge and information technology are crucial to the industry’s growth and development. Through our lakyara reports, NRI identifies the various capital markets and IT issues impacting our clients and the future of their business.
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Feb. 2008

Capital Markets

Outlook for New 40-Year JGB

The first-ever 40-year JGB auction was held last November. The 40-year bonds were issued in anticipation of demand from domestic insurers and pension funds and foreign investors, but the short-term demand outlook is murky. Longer term, however, we see favorable prospects for demand growth in response to pending change in accounting standards and growth in LDI's prevalence.