UBS Asset Management Says Japan Should Stop Issuing Long Bonds to Halt Selloff
A veteran portfolio manager has some advice for Japan: To calm volatility in the country's government bond market, stop issuing debt with maturities above 30 years.
The surge in the 40-year JGB yield to 3.675% last month, the highest since the tenor debuted in 2007, is the latest reason for Japan's Ministry of Finance to end sales of longer-dated bonds, whose demand is dwindling due to demographic shifts in the country's aging society, says Kevin Zhao, head of global sovereign and currency at UBS Asset Management.
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Key market opportunities in the Asia-Pacific Paints & Coatings Market are driven by rapid urbanization and infrastructure growth in China, India, and Southeast Asia, leading to increased demand for decorative and protective coatings. There is a strong shift towards eco-friendly, water-based products due to environmental awareness and regulations. Asia-Pacific Paints & Coating Market Dublin, June 06, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific Paints & Coating Market, By Country, Competition, Forecast and Opportunities 2020-2030F" has been added to offering. The Asia-Pacific Paints & Coating Market was valued at USD 60.15 Billion in 2024 and is expected to reach USD 93.40 Billion by 2030, rising at a CAGR of 7.45% Market growth is fueled by accelerated urbanization, infrastructure development, and industrial expansion in countries such as China, India, Japan, and across Southeast Asia. Rising construction activities in both residential and commercial segments are significantly increasing the demand for decorative and protective coatings. Furthermore, a growing shift toward eco-friendly, water-based products - driven by environmental awareness, stricter regulations, and the adoption of green building norms - is reshaping product innovation and formulation strategies. Governments in the region are introducing VOC emission regulations, prompting manufacturers to focus on sustainable and high-performance coatings. This regulatory push, combined with smart city initiatives and infrastructure modernization, is driving advancements in product durability, environmental safety, and functional performance, supporting robust growth in the regional paints and coatings industry. Rapid Urbanization and Infrastructure Growth The Asia-Pacific region is undergoing swift urban development, especially in countries like China, India, Indonesia, and Vietnam, which is significantly boosting demand for paints and coatings across both new construction and refurbishment projects. As of 2024, over 55% of the population resides in urban areas - a figure expected to climb to nearly 65% by 2030. Governments are actively investing in smart city development and infrastructure enhancements, including housing, commercial buildings, bridges, airports, and metro systems. In India, for example, more than 100 smart city projects are progressing, stimulating the need for protective coatings on steel, concrete, and wooden surfaces. Around 20 million new residential units are also being constructed annually, contributing to increased consumption of both interior and exterior coatings. 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Titanium dioxide alone can constitute up to a quarter of the cost in decorative coatings, and its price has seen considerable variability due to mining and refining issues worldwide. These unpredictable costs compress profit margins, especially for smaller manufacturers who struggle to pass on increases to price-sensitive consumers. Even larger companies, constrained by long-term contracts, face challenges in adjusting pricing rapidly. Consequently, the instability in raw material pricing adds complexity to production planning, procurement, and competitive positioning within the market. Surge in Demand from Infrastructure and Smart City Projects Infrastructure development and smart city initiatives are emerging as dominant trends influencing the paints and coatings market across Asia-Pacific. Countries such as India, China, and Indonesia are investing heavily in public infrastructure, including transport systems, urban housing, and civic amenities. Projects like India's Smart Cities Mission and China's Belt and Road Initiative are contributing to large-scale demand for specialty coatings used in tunnels, bridges, high-rises, and public facilities. These infrastructure-related coatings require advanced properties such as self-cleaning, heat reflectivity, anti-graffiti, and corrosion resistance to withstand environmental stress and ensure long-term durability. As a result, manufacturers are innovating to develop products that offer both functional performance and regulatory compliance. These coatings are becoming integral to modern infrastructure, reinforcing this trend as a major growth catalyst for the industry. Key Attributes: Report Attribute Details No. of Pages 123 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $60.15 Billion Forecasted Market Value (USD) by 2030 $93.4 Billion Compound Annual Growth Rate 7.4% Regions Covered Asia Pacific Report Scope Key Market Players: Kansai Paint Co. Ltd Nippon Paint Holdings Co. Ltd Asian Paints Ltd Avian Brands Shalimar Paints Limited Berger Paints India Limited Chugoku Marine Paints Ltd PPG Industries, Inc. Akzo Nobel N.V Asia-Pacific Paints & Coating Market, By Technology: Water-borne Solvent-borne Powder Others Asia-Pacific Paints & Coating Market, By Resin Type: Acrylic Alkyd Polyurethane Epoxy Polyester Others Asia-Pacific Paints & Coating Market, By End-User Industry: Architectural/Decorative Automotive Wood Protective General Industrial Transportation Packaging Asia-Pacific Paints & Coating Market, By Country: China Japan India South Korea Australia Singapore Thailand Malaysia Rest of Asia-Pacific For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Asia-Pacific Paints & Coating Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
