Japan companies raise 30% more capital from overseas stock offerings

Businesses seeking growth funds tap enthusiasm for governance reform

20240423N Charging Bull of Wall St.

The Charging Bull or Wall Street Bull is pictured in New York City. Japanese companies are raising more capital from flush overseas investors. © Reuters

KENSHO MOTOWAKI, Nikkei staff writer

TOKYO -- The amount of capital raised by Japanese companies via foreign equity financing jumped about 30% last fiscal year to 2.3 trillion yen ($14.9 billion), as progress on governance reform attracted deep-pocketed international investors.

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