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  "domain": "policy-finance",
  "title": "Tokyo Metropolitan Bond (Tokyo-to-sai)",
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  "frontmatter": {
    "title": "Tokyo Metropolitan Bond (Tokyo-to-sai)",
    "aliases": [
      "Tokyo Metropolitan Bond",
      "Tokyo Metropolitan Government bond",
      "東京都債",
      "東京都地方債",
      "policy-finance/tokyo-metropolitan-bond"
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    "domain": "policy-finance",
    "type": null,
    "created": "2026-05-24",
    "last_updated": "2026-07-30",
    "last_tended": "2026-07-30",
    "review_by": "2026-11-20",
    "confidence": "likely",
    "tags": [
      "policy-finance",
      "local-government",
      "public-credit",
      "municipal-bonds",
      "tokyo",
      "japan"
    ],
    "status": "active",
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    "sources": [
      "https://www.zaimu.metro.tokyo.lg.jp/kosai/index.html",
      "https://www.chihousai.or.jp/",
      "https://www.zaimu.metro.tokyo.lg.jp/kosai/tofuken/index.html"
    ]
  },
  "summary": "Tokyo Metropolitan Bonds (東京都債 / Tokyo-to-sai) are debt securities issued by the Tokyo Metropolitan Government. As the largest single local-government issuer in Japan by tax base and issuance volume, Tokyo Metropolis is the benchmark issuer for the Japanese local government bond market and is treate",
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    "Tokyo Metropolitan Bond (Tokyo-to-sai)",
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    "1. Issuer boundary",
    "2. Why Tokyo Metropolitan Bond is a special case",
    "3. Issuance program logic",
    "4. Position in the broader policy-finance map",
    "5. Boundary cases",
    "6. Counterpoints",
    "7. Open questions",
    "Related"
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