Can Japan’s zombie bond market be brought back to life?

Visitors to Tokyo in the 1990s arrived in a city that looked like the future. A megalopolis of high-rise buildings, neon lights and new technology left a mark on those who witnessed it. But the city has not changed all that much since. Today some travellers joke that Tokyo still looks like a vision of the future—just one planned in 1990.

This article appeared in the Finance & economics section of the print edition under the headline “Groaning traders”