Abe Crunch Year Sees Biggest Risk Jump Among Peers: Japan Credit
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Japan’s default risk jumped the most among developed nations this year as the world’s third-largest economy faces mounting challenges from energy import costs and a budget overhaul.
Credit-default swaps that insure Japanese government bonds against nonpayment for five years touched 56 basis points on Jan. 27, the highest since Nov. 5, according to data provider CMA. It has risen 14 basis points this month, the most among the 22 sovereigns tracked by Bloomberg, followed by Iceland’s 13 basis point increase.