Japan's Corporate Bond Risk Increases, According to Credit-Default Swaps

(Bloomberg) -- Japanese corporate bond risk rose,
credit-default swaps show.

Contracts based on 1 billion yen ($8.4 million) of debt
included in the iTraxx Japan Series 7 Index of 50 investment-
grade companies rose to 4.2 million yen in Tokyo from 3.6
million yen yesterday, according to JPMorgan Chase & Co. prices.
The cost of the contracts increases as perceptions of credit
quality worsen; a decline suggests improvement.


Read more at Bloomberg Bonds News