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.
