Investors cautious about samurais as markets turn volatile

The turbulent markets mean that investors in samurai bonds will favour deals that offer a higher return.

Investors in Japanese debt are turning cautious about samurais bonds, mainly due to a near meltdown of money markets in the United States and the ripple effect on Asian markets.

Debt bankers say samurai bond issuance is likely to be impacted by the turbulence caused by the demise of Lehman Brothers and troubles at insurer AIG, as seen by their reaction to two issues in the past couple of weeks by Citi and Credit Suisse.

├┤Japanese investors have turned...

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