Endangered Japan Yield Sighted – Bloomberg

While Japan was making headlines for negative interest rates, regulators may have quietly handed yields on a plate to bond investors. 

Mitsubishi UFJ Financial Group issued $2 billion of notes in a three-part sale Wednesday at a yield premium some 25 basis points higher than what similar notes from its operational unit, Bank of Tokyo Mitsubishi, were offering in the secondary market. A few years back, there would have been hardly any difference at all. Now, because of new regulations, investors globally are demanding extra payment for holding parent-company debt.