China’s bond market to surpass Japan as world’s second largest in five years: UBS

It predicted that China’s local government bond market will grow to more than $3 trillion in the next three years from the current $1 trillion — just about on par with U.S. municipal debt size of $3.8 trillion. Such growth prospects, coupled with the...

Takata to file for bankruptcy Monday, SMBC to provide bridge loan – sources

The Japanese company, whose defective air-bag inflators have been blamed for at least 16 deaths and more than 150 injuries worldwide, will file for protection in Tokyo District Court under the Civil Rehabilitation Act, Japan’s version of U.S. Chapter 11...