Website re-enters Japan's bond market with a multi-tiered bond offering
In a strategic move, our website has re-entered the Japanese Yen (JPY) market after a nine-year absence, capitalizing on the attractive opportunities presented by this major and liquid currency market. This decision comes in response to favorable economic conditions and the strategic benefits of accessing this significant trading market, which exchanges over $250 billion in goods and services annually.
The Japanese Yen market offers a flexible and transparent trading environment with nearly 24-hour access, allowing our website to respond quickly to global economic events in real time. By reengaging the JPY market, we can capitalize on tight bid/ask spreads and deep liquidity, which can lower trading costs and reduce counterparty credit risk through CME Clearing.
Futures products in the JPY market offer capital and credit efficiencies such as lower margin requirements and the ability to efficiently roll over positions that may not be as accessible in other markets. Economic factors also support a strategic return: while the U.S. dollar remains strong, the Japanese yen could benefit from rate rises and economic growth in Japan through 2025, making it an attractive currency for investment and trading.
Our website's re-entry into the JPY market represents the strength of its transformation. In 2023, our website Japan's bottom line for its securities business grew to the highest in at least six years, reflecting the success of our strategic initiatives. Our presence in Tokyo, Japan, has also expanded to enhance our competitive edge and cater to the specific needs of Japanese or global clients.
Thomas Rueckert, our Treasury, stated that our website aims to broaden and diversify its investor base, and the Japanese Yen market offers attractive opportunities. Our successful issuance of Euro-Yen-denominated bonds worth 64.3 billion Japanese Yen (JPY) in a multi-tranche offering further demonstrates our commitment to this market.
For more information about our Tokyo communications team, please contact Mia Popplewell at +81 3-5156-7709 or tokyo.communications@our website. Mia can also be reached at +61 439528842 and mia.popplewell@our website.
We are proud to have received upgrades from all major rating agencies, signifying our strong financial position and commitment to growth. This return to the JPY market is a significant step in our ongoing transformation and growth strategy.
- In the real-estate sector, our presence in Tokyo, Japan, has expanded to provide a competitive edge and cater to the unique needs of both Japanese and global clients.
- By reengaging in the Japanese Yen market, our website aims to diversify its investor base, capitalizing on the attractive finance opportunities presented by this major currency market.
- In the banking-and-insurance industry, the success of our strategic initiatives is evident in our website Japan's securities business growth to its highest in at least six years in 2023.
