Bond Nippon 0% ( JP1802861003 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP1802861003 ( in JPY )
Interest rate	0%
Maturity	20/06/2028
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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. This financial analysis details a sovereign bond issued by Japan, identified by ISIN JP1802861003, reflecting a key instrument in the nation's public finance strategy. Japan, as the world's third-largest economy and a prominent member of the G7, stands as a highly creditworthy sovereign issuer, renowned for its advanced industrial base, technological prowess, and robust, albeit complex, domestic financial markets, making its government bonds (JGBs) benchmarks for stability. This specific JGB is denominated in Japanese Yen (JPY), with its current market price standing at 100% of its face value, indicating it is trading at par. A distinctive feature of this bond is its 0% interest rate, meaning it does not disburse periodic coupon payments to investors. The payment frequency, noted as '1', further clarifies that there are no annual interest distributions; instead, investors are due to receive only the principal amount upon the bond's maturity on June 20, 2028. This characteristic places it within the realm of zero-coupon instruments in practice, where the yield to maturity for an investor holding it until its 2028 expiration is effectively zero, consistent with Japan's long-standing ultra-low interest rate environment.