Following the recent death of North Korean leader Kim Jong Il, Japanese markets closed downward due to succession uncertainties. However, Japan's investment-grade yield curves are gently sloping upwards, a signal that investors expect economic growth. In this Capital Markets Update, Senior Director Peter Rigby compares the Japanese yen and U.S. dollar corporate bond yields and how they factor into economic prospects. Topics include our credit expectations for Japanese and U.S. corporates and the challenges to GDP growth.
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