The spectacular revival of the samurai, Euroyen and global yen markets, begun in the second half of 1999, has continued this year and shows no sign of abating. Bankers expect the queue of corporate and sovereign borrowers to remain long for the rest of the year and for Japanese buyers and international investors moving into yen bonds to keep on buying corporate and even emerging market issues on the primary and secondary markets.
Nigel Dudley,
April 01, 2000