Local government bond sector outlook seminar 3
Study of key themes in local government bond market and local
public finance 3
Q1. What theme for the local government bond sector are you
most interested in? (multiple answers) 3
Q2. Please rate the following terms of importance in your
decision to invest in local government bonds 11
Q3. What credit market sectors do you consider to have
investment appeal? (multiple answers) 12
Q4. When investing in local governments, which rating(s) do you
consider most important? (multiple answer) 19
Q5. From investment perspectives, what is your view about the
rating acquisition by local governments? (multiple answers) 21
Q6. What factors are considered to boost further investment for
Japanese local government bonds? (multiple answers) 24
Q7. From the perspective of local government bond investment,
what points are you focusing on politically following the lower
house election? 25
Credit implications 26
Reference 1： Importance and role of credit ratings 28
1. Credit ratings as investment information 28
2. Importance of credit ratings for issuers 31
3. Credit ratings’ role in the market 32
4. The function of credit ratings for financial intermediaries 32
Reference 2: Other reference materials 33
Appendix A-1 57