ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan joins bond bonanza issuing record $11bn Friday

Ultralow rates push year-to-date figure near 2018 total

Japanese investors are flocking to corporate bonds in hunt for positive yields.   © Reuters

TOKYO -- SoftBank Group, Nippon Steel and other Japanese corporations are issuing more than 1.2 trillion yen ($11.2 billion) in new bonds on Friday, hitting a record as businesses rush to take advantage of the country's ultralow interest rates.

The previous record was 1.02 trillion yen on July 15, when Japan's long rates first sank into negative territory from monetary easing by the Bank of Japan.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more