Caution in Samurai market deepens on Fiat worry

Newswire

By Chikafumi Hodo TOKYO, Oct 24 (Reuters) - Fading confidence in the Samurai bond market is depressing volumes, a situation worsened by a capital crunch at Italian automaker Fiat SpA and looming payment problems by issuers from emerging markets, analysts say. Pessimism is deepening in the market, plagued by Argentina's failure to repay creditors for nearly a year and by a plunge in Brazilian Samurai prices, they said. Reflecting a series of problems, issuance of Samurai bonds -- yen ...

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