Bond Nippon 0% ( JP1806091003 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP1806091003 ( in JPY )
Interest rate	0%
Maturity	20/09/2060
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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. A prominent instrument within the sovereign debt market is the bond identified by ISIN JP1806091003, issued by the Government of Japan. As the issuer, Japan stands as one of the globe's foremost economic powers, known for its highly developed industrial and technological sectors, robust financial markets, and a consistent track record of fiscal stability, despite its significant public debt, often held domestically. The nation's monetary policy, guided by the Bank of Japan, has historically maintained an environment of exceptionally low, or even negative, interest rates, which profoundly influences the pricing and yields of its government bonds. This specific bond, denominated in Japanese Yen (JPY) and having been issued in Japan, currently trades at 100% of its par value on the market. A defining characteristic is its 0% stated interest rate, which classifies it as a zero-coupon bond, meaning investors do not receive periodic interest payments but anticipate a single principal repayment at its extensive maturity date of September 20, 2060, aligning with the listed 'payment frequency' of '1' which in this context refers to the singular return of principal at the bond's expiry.