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Source: www.breakingviews.com is Europe's leading financial commentary service

Japan's small band of government guaranteed borrowers are planning to increase international debt issuance if the price is right.

CABEI

Juan Ramón Quintás, Chairman of the Spanish Savings Banks Confederation (CECA), talks to Euromoney's Jules Stewart about the effects of the new finance law on the cajas

Bank Atlas - Top 200

Searching through emerging-market currencies for investment opportunities is a tricky job - a delicate combination of subjective judgement and fundamental analysis. Luckily, plenty of currency pundits were on hand at Euromoney's forex forum last month to help investors and corporate hedgers choose a strategy.

Source: www.breakingviews.com is Europe's leading financial commentary service

Vivendi Universal

Investors are reluctant to buy European high-yield bonds. Rob Mannix reports on how lawyers might just change that

Last month's foreign exchange poll featured some incorrect historical rankings from the 2002 poll. In each of three multibank platform categories - best platform for STP, best for research, and best for execution - the top three firms in 2002 ranked as FXall, FX Connect and Currenex, in that order. We apologize for any confusion.

For a country with a very small net borrowing requirement, Mexico has been a huge - and hugely important - issuer of global bonds. In the past year alone it has issued some $8 billion of bonds, making it easily the largest emerging-market issuer. Since it didn't need most of the cash, it generally put it to use in liability management exercises; in doing so, Mexico has become the first country to all but eradicate its Brady bonds. Mexico also got its third investment-grade credit rating in September. But the biggest achievement came at the end of February, when the sovereign stunned the market with a 12-year bond with collective action clauses (CACs). The lead managers were JPMorgan and Goldman Sachs.

Some bestsellers are expected. Number one on Amazon.com's list of the top-selling books in Latin America is Harry Potter and the Order of the Phoenix. Some are more of a surprise. At number five you'll find an anthology of dry economic prose entitled After the Washington Consensus: Restarting Growth and Reform in Latin America.