Bond Nippon 0% ( JP130073PN19 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP130073PN19 ( in JPY )
Interest rate	0%
Maturity	20/12/2051
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Detailed description	Japan is an archipelago nation in East Asia known for its rich culture, technological advancements, and unique blend of traditional and modern societies. An in-depth analysis of the Japanese sovereign bond, identifiable by its ISIN JP130073PN19, reveals a distinct debt instrument issued by Japan, a G7 nation and one of the world's largest economies, known for its highly liquid financial markets and a prolonged period of ultra-low interest rates orchestrated by the Bank of Japan's accommodative monetary policy. This specific obligation, denominated in Japanese Yen (JPY) and originating from Japan's domestic debt market, is characterized by an extended maturity date of December 20, 2051, positioning it as a notably long-term security within an investor's portfolio. A key feature of this bond is its 0% interest rate, classifying it as a zero-coupon instrument, meaning it does not make periodic interest payments; instead, investors typically purchase such bonds at a discount and receive the full face value at maturity. However, its current market price of 100% of par value, combined with the zero-coupon structure and a stated payment frequency of 1 (implying a single principal repayment at maturity given the 0% coupon), indicates a current yield-to-maturity effectively at 0%, reflecting the unique market dynamics where capital preservation, a hedge against deflationary pressures, or specific long-duration asset allocation strategies, rather than income generation, are the primary considerations for investors in such sovereign debt.