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Finance

Strong first quarter points to record year for Japan corporate bond sales

Sense that interest rates aren't going any lower drives rush to borrow

Japanese medium- and long-term bond yields have been hugging zero. Here, mostly municipal and agency debt yields are shown.

TOKYO -- The value of Japanese corporate bond offerings in fiscal 2017 is on pace to surpass the all-time high hit last fiscal year as companies move to lock in ultralow interest rates before they turn higher.

Issuances are expected to far exceed 2 trillion yen ($17.9 billion) in the April-June quarter.

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