With over two decades of experience in the global corporate bond market, I recently had the pleasure of a lunch invitation from an ultra-high-net-worth individual.
Our conversation gravitated towards investment strategies, and they inquired about my perspective on corporate bonds, expressing a sense of bewilderment despite occasionally encountering articles on the subject in the Nikkei newspaper.
They confessed to struggling to identify viable investment opportunities.
While adhering to the principle of “self-responsibility” in investment and refraining from direct advice, I shared crucial insights for evaluating corporate bond investments.
In this article, I aim to provide a comprehensive overview of the Japanese corporate bond market, drawing upon that enlightening discussion.
Upon my return to Japan after a 25-year hiatus, I was struck by the abnormally low yields in the corporate bond market.
