Aichi Prefecture, located in central Japan, was established as a government entity to promote regional development and enhance the quality of life for its residents. The prefecture primarily focuses on infrastructure improvements, social welfare programs, and economic growth initiatives. Notably, Aichi is home to significant automotive and manufacturing industries, contributing to its vibrant economy.
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Aichi Prefecture began issuing bonds in the late 1990s, with a focus on financing public works and enhancing the regional economy. In 2020, the prefecture issued a notable ¥30 billion bond to fund green initiatives aimed at promoting sustainability, which attracted considerable investor interest due to its competitive yield of 0.5%, outperforming regional averages. In 2022, Aichi Prefecture successfully issued bonds with a unique maturity structure, providing investors flexibility, maintaining a solid reputation in the market for timely payments and good fiscal management.