Samurai Bond
Categories: Bonds, International
The unbreakable blood oath taken between two master Japanese swordsmen. Don’t mess with a samurai bond or you might get sliced in half. You'll be, uh...beside yourself if that happens.
Also, it's the probably-less-than-totally-PC name for a particular class of bond that trades on the Japanese market. Specifically, these bonds are sold on the Tokyo market, but are issued by a company headquartered outside Japan. Meanwhile, the bonds themselves are denominated in yen.
Basically, they represent outside companies raising money from the Japanese market. Still, the debt instruments fall under Japanese authority and have to comply with regulations on the Tokyo market.
Related or Semi-related Video
Finance: What is a Yankee Bond?36 Views
Finance allah shmoop what is a yankee bond We're safe
We're sound we're saying at least that's how we look
financially when you know the u s has compared with
most of the rest of the world that's why a
bunch of countries issue their own bonds denominated in u
s dollars you know countries like panama el salvador micronesia
and macron asia Well ours is ah hard currency and
that we don't or at least haven't historically created massive
ten percent a month inflation to deflate the value of
our own currency and well that would make it super
easy for our government to pay off its ludicrously high
death but we don't do that We respect the people
who loaned money to us including our own citizens So
we have a hard currency It just kind of stays
where it is Yes there's inflation Yes we raise the
rates a little bit here and there defended but generally
just kind of does its thing So we fight hard
to keep that trust that the rest of the world
often values more than well trust in their own governments
or at least their own government's ability to manage their
currency when they issue say argentinean bonds payable in u
s dollars Well then that's a yankee bond And we 00:01:14.819 --> [endTime] are the banker And well they are the yankee